EUR/USD Price Analysis: More Rallies Above 200-Mag Expected

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  • EUR/USD is under pressure and returns to the 1.0400 area.
  • Immediately to the upside comes the November high at 1.0481.

EUR/USD is facing some selling pressure and returns below 1.0400 by the end of the week.

A close above the key 200-day SMA today at 1.0386 is needed convincingly for the pair’s outlook to turn positive and therefore allow for additional gains to potentially visit the high. November at 1.0481 (November 15) on the short-term horizon.

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A break above the latter could put the 1.0500 level back on investors’ radar.

EUR/USD day chart

EUR/USD

Overview
Last price today 1.0393
Today I change daily 47
today’s daily variation -0.19
today’s daily opening 1.0413
Trends
daily SMA20 1.0153
daily SMA50 0.9956
daily SMA100 1.0029
daily SMA200 1.0393
levels
previous daily high 1.0449
previous daily low 1.0382
Previous Weekly High 1.0482
previous weekly low 1.0272
Previous Monthly High 1.0094
Previous monthly minimum 0.9632
Daily Fibonacci of 38.2% 1.0423
Daily Fibonacci of 61.8% 1.0407
Daily Pivot Point S1 1.0381
Daily Pivot Point S2 1.0348
Daily Pivot Point S3 1.0314
Daily Pivot Point R1 1.0447
Daily Pivot Point R2 1.0481
Daily Pivot Point R3 1.0514

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Source: Fx Street

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