fundermental analysis EUR/USD
The EUR/USD pair trades near the mentioned daily high, with chances of extending its advance. The 4-hour chart shows that the price struggles around a mildly bearish 200 SMA, while it remains above a firmly bullish 20 SMA that has crossed above the 100 SMA. Technical indicators lack directional strength, but the Momentum remains well above its midline while the RSI consolidates at 76. March 22 high at 1.1946 is the immediate resistance level, with a break above it favoring an extension beyond 1.2000.
Support levels: 1.1890 1.1840 1.1795
Resistance levels: 1.1945 1.1995 1.2040
Support levels: 1.1890 1.1840 1.1795
Resistance levels: 1.1945 1.1995 1.2040
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