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Jan 11, 2019
EUR/USD Technical Analysis: The pair could attempt another visit to the 1.1600 handle and above
- EUR/USD managed to clinch fresh tops in the 1.1570 region on Thursday, just to recede to and close around 1.1500.
- The potential for a move higher is expected to remain in place while spot trades above the 2-month support line, today at 1.1319. The immediate target emerges in the 1.1620/30 band, where converge October lows and the critical 200-day SMA.
- Sustaining the ongoing bull run, spot is once again trading above the daily cloud for the first time since mid-October 2018.
EUR/USD daily chart
EUR/USD
Overview:
Today Last Price: 1.1523
Today Daily change: 25 pips
Today Daily change %: 0.217%
Today Daily Open: 1.1498
Trends:
Previous Daily SMA20: 1.1415
Previous Daily SMA50: 1.1383
Previous Daily SMA100: 1.1478
Previous Daily SMA200: 1.1631
Levels:
Previous Daily High: 1.1571
Previous Daily Low: 1.1485
Previous Weekly High: 1.1586
Previous Weekly Low: 1.1309
Previous Monthly High: 1.1486
Previous Monthly Low: 1.1269
Previous Daily Fibonacci 38.2%: 1.1518
Previous Daily Fibonacci 61.8%: 1.1538
Previous Daily Pivot Point S1: 1.1465
Previous Daily Pivot Point S2: 1.1431
Previous Daily Pivot Point S3: 1.1378
Previous Daily Pivot Point R1: 1.1552
Previous Daily Pivot Point R2: 1.1605
Previous Daily Pivot Point R3: 1.1638