EUR/USD Price Analysis: Prints five-day winning streak above 1.1100

  • EUR/USD takes the bids near a nine-week top near 1.1150.
  • Sustained trading above resistance line stretched from April 14 keeps the buyers hopeful, 200-day SMA adds to the support.
  • 61.8% Fibonacci retracement acts as immediate resistance ahead of mid-March high.

EUR/USD rises to 1.1120, up 0.20% on a day, during the Asian session on Monday. While keeping the sustained trading above the short-term resistance line, now support, the quote stays near the highest since March 30, 2020.

However, overbought RSI conditions seem to challenge the pair’s further downside.

As a result, bulls are waiting for a fresh run-up beyond March 27 high 1.1147 to challenge 61.8% Fibonacci retracement level around 1.1170.

During the quote’s further advances past-1.1170, March 16 peak nearing 1.1240 could flash on the buyers’ radars.

Alternatively, a daily close below the resistance-turned-support line, currently around 1.1075, could drag the quote back to a 200-day SMA level of 1.1012.

EUR/USD daily chart

Trend: Bullish

ADDITIONAL IMPORTANT LEVELS

OVERVIEW
Today last price 1.1122
Today Daily Change 25 pips
Today Daily Change % 0.23%
Today daily open 1.1097
TRENDS
Daily SMA20 1.0902
Daily SMA50 1.0897
Daily SMA100 1.0959
Daily SMA200 1.1013
LEVELS
Previous Daily High 1.1145
Previous Daily Low 1.107
Previous Weekly High 1.1145
Previous Weekly Low 1.0871
Previous Monthly High 1.1145
Previous Monthly Low 1.0767
Daily Fibonacci 38.2% 1.1116
Daily Fibonacci 61.8% 1.1099
Daily Pivot Point S1 1.1063
Daily Pivot Point S2 1.1029
Daily Pivot Point S3 1.0988
Daily Pivot Point R1 1.1138
Daily Pivot Point R2 1.1179
Daily Pivot Point R3 1.1213

 



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