- 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.
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
|Last Price Today||1.0533|
|Today’s Daily Change||0.0096|
|Today’s Daily Change %||0.92|
|Today’s Daily Opening||1.0437|
|20 Daily SMA||1,059|
|50 Daily SMA||1.0813|
|100 Daily SMA||1.1056|
|200 Daily SMA||1.1309|
|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