EUR/USD Price Analysis: Next resistance emerges at 1.0641

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  • EUR/USD continues to push higher and retakes the 1.0500 level and above.
  • Immediately on the upside is the weekly high at 1.0641.

The pair EUR/USD continues to pick up the pace and breaks through Tuesday’s key 1.0500 barrier.

Considering the ongoing price action, a continuation of the bounce looks likely at least in the short term. Against, the next hurdle comes at the weekly high at 1.0641 (May 5) ahead of the 55-day Temp SMA today at 1.0819.

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Below the 3-month line around 1.0880, the pair is expected to remain under pressure and vulnerable to further losses.

EUR/USD daily chart

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Technical levels

EUR/USD

Panorama
Last Price Today 1.0533
Today’s Daily Change 0.0096
Today’s Daily Change % 0.92
Today’s Daily Opening 1.0437
Trends
20 Daily SMA 1,059
50 Daily SMA 1.0813
100 Daily SMA 1.1056
200 Daily SMA 1.1309
levels
Previous Daily High 1.0443
Previous Daily Minimum 1.0389
Previous Maximum Weekly 1.0592
Previous Weekly Minimum 1,035
Monthly Prior Maximum 1.1076
Previous Monthly Minimum 1.0471
Daily Fibonacci 38.2% 1.0423
Daily Fibonacci 61.8% 1,041
Daily Pivot Point S1 1.0403
Daily Pivot Point S2 1.0369
Daily Pivot Point S3 1.0349
Daily Pivot Point R1 1.0457
Daily Pivot Point R2 1.0477
Daily Pivot Point R3 1.0511

Source: Fx Street

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