EURUSD technicals
The EURUSD is extending to a new high for the day, year, and going back to September 2021. The high prices reach 1.1770. The move higher today is moving away from a swing area broken last Friday between 1.1663 and 1.16916. Staying above that level is close risk for buyers looking for more upside momentum.
Drilling to the hourly chart, not only is the swing area from the daily chart support, but the rising 100-hour moving average is in between that level at 1.16808 (and moving higher).
Traders could use last week’s high as close support at 1.1653 but the 100 hour MA and the swing area from the daily chart above are better support.
On the topside, September 3, 2021 high reached 1.1909. The July 30, 2021 high reached 1.19087. That makes that level a target to aspire toward if the price can stay above the aforementioned support levels.
EURUSD technicals
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