- 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
|Last Price Today||0.9907|
|Today’s Daily Change||-0.0079|
|Today’s Daily Change %||-0.79|
|Today’s Daily Opening||0.9986|
|20 Daily SMA||0.9893|
|50 Daily SMA||1.0021|
|100 Daily SMA||1.0234|
|200 Daily SMA||1.0641|
|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