EUR/USD Price Analysis: After a brief wobble normal service is resumed

published 30.07.2020 18:17

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Now the red resistance zone seems to be under threat and adding to this for a brief moment the price spiked through the previous wave high of 1.1806.

The chart below shows a consolidation pattern but the most recent price waves have been making higher lows.

After yesterday's FOMC rate decision and press conference the market continued in its path of selling the dollar but overnight and in the EU session some of those moves had been reversed as the greenback recovered some of the losses against all but the pound (GBP).

EUR/USD 30-minute chart EUR/USD has struggled for most of the session and recently the price has printed above the previous wave high.

Additional levels EUR/USD Overview Today last price 1.179 Today Daily Change -0.0001 Today Daily Change % -0.01 Today daily open 1.1791 Trends Daily SMA20 1.145 Daily SMA50 1.1297 Daily SMA100 1.1096 Daily SMA200 1.1082 Levels Previous Daily High 1.1807 Previous Daily Low 1.1714 Previous Weekly High 1.1658 Previous Weekly Low 1.1402 Previous Monthly High 1.1422 Previous Monthly Low 1.1097 Daily Fibonacci 38.2% 1.1771 Daily Fibonacci 61.8% 1.1749 Daily Pivot Point S1 1.1734 Daily Pivot Point S2 1.1678 Daily Pivot Point S3 1.1642 Daily Pivot Point R1 1.1827 Daily Pivot Point R2 1.1863 Daily Pivot Point R3 1.192

by Rajan Dhall, MSTA from fxstreet.com

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