EURUSD Price Analysis: Solid resistance emerging around 1.0100

- Advertisement -
  • EURUSD runs into bearish pressure near 1.0100 on Wednesday.
  • Exceeding this area could allow more rises in the short term.

The strong EURUSD recovery appears to have hit a tough snag at the 1.0100 area so far this week.

If the pair manages to break above this zone sustainably, it could challenge the September high of 1.0197 (Sep 12) ahead of the August high of 1.0368 (Aug 10).

- Advertisement -

As long as it is above the 9-month resistance line, today near 0.9840, further gains seem likely.

In the long term, the bearish view on the pair should remain unchanged as long as it is below the 200 SMA at 1.0450.

EURUSD day chart

EUR/USD

Overview
last price today 1.0054
Today I change daily 55
Today’s daily variation -0.18
Daily opening today 1.0072
Trends
daily SMA20 0.9878
daily SMA50 0.988
daily SMA100 1.0043
daily SMA200 1.0458
levels
Previous daily high 1.0096
Previous Daily Low 0.9973
Previous Weekly High 0.9976
Previous Weekly Low 0.973
Previous Monthly High 1.0094
Previous Monthly Low 0.9632
Daily Fibonacci of 38.2% 1.0049
Daily Fibonacci of 61.8% 1,002
Daily Pivot Point S1 0.9998
Daily Pivot Point S2 0.9924
Daily Pivot Point S3 0.9874
Daily Pivot Point R1 1.0121
Daily Pivot Point R2 1,017
Daily Pivot Point R3 1.0244

- Advertisement -

Source: Fx Street

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles