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EUR/USD Price Analysis: Bets for a test of 1.1500 remain on the rise

EUR/USD Price Analysis: Bets for a test of 1.1500 remain on the rise

  • EUR/USD trades on a firm note and reclaims the area above 1.1400.
  • Further upside could see the yearly highs near 1.1500 re-visited.

Bulls have regained the upper hand at the end of the week and are lifting EUR/USD back to levels beyond 1.14 the figure following Thursday’s decent retracement.

If the buying bias picks up pace, there is increasing chances of a move to the 2020 peaks in levels just shy of 1.15 (March 9) in the short-term horizon.

Further out, as long as the 200-day SMA, today at 1.1057, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

OVERVIEW
Today last price 1.1416
Today Daily Change 51
Today Daily Change % 0.28
Today daily open 1.1384
 
TRENDS
Daily SMA20 1.1284
Daily SMA50 1.1162
Daily SMA100 1.1061
Daily SMA200 1.1059
 
LEVELS
Previous Daily High 1.1442
Previous Daily Low 1.137
Previous Weekly High 1.1371
Previous Weekly Low 1.1243
Previous Monthly High 1.1422
Previous Monthly Low 1.1097
Daily Fibonacci 38.2% 1.1398
Daily Fibonacci 61.8% 1.1415
Daily Pivot Point S1 1.1356
Daily Pivot Point S2 1.1327
Daily Pivot Point S3 1.1284
Daily Pivot Point R1 1.1427
Daily Pivot Point R2 1.147
Daily Pivot Point R3 1.1499

 

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