EUR/USD Price Analysis: Next resistance lies at 1.0090

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  • EUR/USD extends Wednesday’s rally beyond parity.
  • The rallies could accelerate to the minor hurdle of 1.0090.

EUR/USD extends bullish sentiment beyond the parity zone ahead of the European Central Bank’s decision on Thursday.

If it continues to rise, it could retest the weekly high of 1.0090 (Aug 26) in the short term, before reaching the intermediate hurdle of the 55-day simple moving average (SMA) at 1.0162. Downside pressure could be eased if the seven-month resistance line is breached, today near 1.0210.

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In the long term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.0767.

EUR/USD day chart


Last Price Today 1,002
Today’s Daily Change 0.0020
Today’s Daily Change % 0.20
Today’s Daily Opening 1
20 Daily SMA 1.0042
50 Daily SMA 1.0138
100 Daily SMA 1.0362
200 Daily SMA 1.0775
Previous Daily High 1.0011
Previous Daily Minimum 0.9876
Previous Maximum Weekly 1.0079
Previous Weekly Minimum 0.9911
Monthly Prior Maximum 1.0369
Previous Monthly Minimum 0.9901
Daily Fibonacci 38.2% 0.9959
Daily Fibonacci 61.8% 0.9927
Daily Pivot Point S1 0.9914
Daily Pivot Point S2 0.9827
Daily Pivot Point S3 0.9778
Daily Pivot Point R1 1.0049
Daily Pivot Point R2 1.0098
Daily Pivot Point R3 1.0185

Source: Fx Street

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