- EUR/USD rises again and surpasses the 1.0700 level.
- Additional gains should reach the weekly high near 1.0770.
He EUR/USD It leaves Tuesday’s pullback behind and recovers the area above 1.0700, the figure during Wednesday’s pre-FOMC trading.
If the bounce gains further strength, the pair should face a small hurdle at the weekly high of 1.0767 (September 12) before the critical 200-day SMA at 1.0828.
Despite the two-day bounce, the pair’s underlying bearish sentiment remains unchanged and leaves the door open for additional pullbacks on the near-term horizon. Against this backdrop, further losses could put the September low at 1.0631 (September 14) back ahead of the March low at 1.0516 (March 15).
As long as it is below the 200-day SMA, the pair is likely to face further weakness.
EUR/USD Daily Chart
EUR/USD
Overview | |
---|---|
Latest price today | 1.0705 |
Today I change daily | 37 |
Today’s daily variation | 0.23 |
Today daily opening | 1,068 |
Trends | |
---|---|
daily SMA20 | 1.0763 |
daily SMA50 | 1.0918 |
SMA100 daily | 1.0889 |
SMA200 daily | 1.0829 |
Levels | |
---|---|
Previous daily high | 1.0718 |
Previous daily low | 1.0675 |
Previous weekly high | 1.0769 |
Previous weekly low | 1.0632 |
Previous Monthly High | 1.1065 |
Previous monthly low | 1.0766 |
Daily Fibonacci 38.2 | 1.0691 |
Fibonacci 61.8% daily | 1.0702 |
Daily Pivot Point S1 | 1.0664 |
Daily Pivot Point S2 | 1.0648 |
Daily Pivot Point S3 | 1.0621 |
Daily Pivot Point R1 | 1.0707 |
Daily Pivot Point R2 | 1.0734 |
Daily Pivot Point R3 | 1,075 |
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.