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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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