EUR/USD is making gains around 1.0845, benefiting from a weaker USD. The pair maintains a bullish stance, supported by trading above key moving averages and with the RSI indicator signaling bullish momentum.
The next resistance level is expected at 1.0855, while strong support lies in the 1.0800–1.0855 range. The pair is trading positively in the early European session on Monday, buoyed by the USD’s decline following disappointing US economic data.
Looking ahead, the European Central Bank (ECB) is expected to announce its interest rate decision on Thursday, with no changes anticipated. Currently, EUR/USD is trading near 1.0845, marking a slight increase for the day.
From a technical perspective, EUR/USD’s bullish outlook is reinforced by its position above key moving averages and the RSI indicator signaling bullish momentum. Resistance is seen at 1.0855, with potential for further gains toward 1.0895–1.0900 and beyond.
On the downside, important support levels are identified near 1.0800–1.0805, with additional support at 1.0761 and 1.0700.
EUR/USD four-hour chart
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EUR/USD
OVERVIEW | |
---|---|
Today last price | 1.0844 |
Today Daily Change | 0.0006 |
Today Daily Change % | 0.06 |
Today daily open | 1.0838 |
TRENDS | |
---|---|
Daily SMA20 | 1.0791 |
Daily SMA50 | 1.0872 |
Daily SMA100 | 1.0826 |
Daily SMA200 | 1.0829 |
LEVELS | |
---|---|
Previous Daily High | 1.0843 |
Previous Daily Low | 1.0798 |
Previous Weekly High | 1.0866 |
Previous Weekly Low | 1.0796 |
Previous Monthly High | 1.0898 |
Previous Monthly Low | 1.0695 |
Daily Fibonacci 38.2% | 1.0826 |
Daily Fibonacci 61.8% | 1.0815 |
Daily Pivot Point S1 | 1.0809 |
Daily Pivot Point S2 | 1.0781 |
Daily Pivot Point S3 | 1.0764 |
Daily Pivot Point R1 | 1.0854 |
Daily Pivot Point R2 | 1.0871 |
Daily Pivot Point R3 | 1.09 |