- EUR / USD breaks above multi-day consolidation.
- Higher up the obstacle appears at the 1.2300 level.
EUR / USD advances to new monthly highs in the 1.2260 / 65 region on Tuesday.
The buy bias remains firm for the time being and allows the uptrend to attempt an assault on the 1.2300 hurdle on the near-term horizon. Above, another visit to the annual peaks in the 1.2350 area, reached on January 6, should not be ruled out.
Additional gains are still supported by the short-term support line (from March lows) around 1.2150.
On the broader view, the constructive stance of the EUR / USD is expected to remain intact as long as it moves above the 200-day SMA, today at 1.1966.
However, it is noteworthy that the daily RSI has not confirmed the recent highs, which could be indicative that a corrective decline is approaching in the near term.
EUR / USD daily chart
EUR / USD technical levels
EUR/USD
Panorama
Today’s Last Price1.2249
Today’s Daily Change0.0034
Today’s Daily Change% 0.28
Today’s Daily Opening1.2215
Trends
20 Daily SMA1.2122
SMA of 50 Daily1,199
100 Daily SMA1.2042
200 SMA Daily1.1969
Levels
Daily Pre-High 1,223
Daily Previous Low1.2172
Weekly Previous High1.2245
Weekly Prior Minimum1.2126
Previous Monthly High1,215
Monthly Previous Low1.1713
Daily Fibonacci 38.2% 1.2208
Daily Fibonacci 61.8% 1.2194
Daily Pivot Point S11.2181
Daily Pivot Point S21.2148
Daily Pivot Point S31.2124
Daily Pivot Point R11.2239
Daily Pivot Point R21.2263
Daily Pivot Point R31.2297
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