EUR/USD Price Analysis: Next step up is 1.0090

  • EUR/USD continues positive start to the week above parity.
  • Firm resistance is seen near the 1.0100 area so far.

The EUR/USD hits two-day highs north of the parity barrier on Tuesday.

At the moment, it looks like the pair may continue to rise. Therefore, the recent weekly high at 1.0090 (Aug 26) now emerges as the next major hurdle before another weekly high at 1.0202 (Aug 17).

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 1.0813.

EUR/USD daily chart

EUR/USD Levels

EUR/USD

Panorama
Last Price Today 1.0006
Today’s Daily Change 0.0010
Today’s Daily Change % 0.10
Today’s Daily Opening 0.9996
Trends
20 Daily SMA 1.0124
50 Daily SMA 1.0216
100 Daily SMA 1.0422
200 Daily SMA 1.0821
levels
Previous Daily High 1.0029
Previous Daily Minimum 0.9914
Previous Maximum Weekly 1,009
Previous Weekly Minimum 0.9901
Monthly Prior Maximum 1.0486
Previous Monthly Minimum 0.9952
Daily Fibonacci 38.2% 0.9985
Daily Fibonacci 61.8% 0.9958
Daily Pivot Point S1 0.993
Daily Pivot Point S2 0.9865
Daily Pivot Point S3 0.9815
Daily Pivot Point R1 1.0046
Daily Pivot Point R2 1.0095
Daily Pivot Point R3 1.0161

Source: Fx Street

You may also like