EUR/USD Price Analysis: The rallies capped by the parity zone

EUR/USD’s strong rally meets resistance around parity.
Sustainable hikes look likely as gains remain above parity.

So far, EUR/USD has hit a pretty solid hurdle near parity on Wednesday.

Considering the recent strong rebound, further rallies seem likely once the pair leaves parity behind on a sustainable basis. Further up is the intermediate hurdle at the 55 day simple moving average today at 1.0030.

In the longer term, the bearish view on the pair should remain unchanged as long as it is below the 200 SMA at 1.0632.

EUR/USD day chart

EUR/USD

Panorama
Last Price Today	0.9907
Today’s Daily Change	-0.0079
Today’s Daily Change %	-0.79
Today’s Daily Opening	0.9986

Trends
20 Daily SMA	0.9893
50 Daily SMA	1.0021
100 Daily SMA	1.0234
200 Daily SMA	1.0641

levels
Previous Daily High	1
Previous Daily Minimum	0.9806
Previous Maximum Weekly	0.9854
Previous Weekly Minimum	0.9536
Monthly Prior Maximum	1.0198
Previous Monthly Minimum	0.9536
Daily Fibonacci 38.2%	0.9926
Daily Fibonacci 61.8%	0.988
Daily Pivot Point S1	0.9862
Daily Pivot Point S2	0.9737
Daily Pivot Point S3	0.9668
Daily Pivot Point R1	1.0055
Daily Pivot Point R2	1.0124
Daily Pivot Point R3	1.0249

Source: Fx Street

Flora

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