- 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
|Last price today||1.0708|
|Today I change daily||70|
|today’s daily variation||-0.21|
|today’s daily opening||1.0731|
|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
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.