EUR/USD Price Analysis: The continuation of the uptrend seems assured for the moment

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  • The bullish bias looks somewhat weakened on Tuesday.
  • The 1.0804 level remains the next bullish barrier.

He EUR/USD has hit fresh four-week highs near 1.0750. The continuation of the uptrend seems assured for now. Conversely, a convincing move above 1.0750 would open the door to the weekly high at 1.0804 (Feb 14). Higher up, there are no noteworthy resistance levels until the 2023 high at 1.1032 (2 Feb).

Looking to the longer term, the constructive view remains unchanged as long as it is above the 200-day SMA at 1.0324 today.

EUR/USD daily chart

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Last price today 1.0708
Today I change daily 70
today’s daily variation -0.21
today’s daily opening 1.0731
daily SMA20 1.0634
daily SMA50 1.0723
daily SMA100 1.0543
daily SMA200 1.0326
previous daily high 1.0749
previous daily low 1.0642
Previous Weekly High 1.0701
previous weekly low 1.0524
Previous Monthly High 1.1033
Previous monthly minimum 1.0533
Fibonacci daily 38.2 1.0708
Fibonacci 61.8% daily 1.0683
Daily Pivot Point S1 1.0666
Daily Pivot Point S2 1.0601
Daily Pivot Point S3 1,056
Daily Pivot Point R1 1.0772
Daily Pivot Point R2 1.0814
Daily Pivot Point R3 1.0879

Source: Fx Street

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