EUR/USD Price Analysis: A more convincing upside needs to clear 1.1012

EUR/USD remains stuck within a tight range near 1.0900.
The continuation of the upside initially targets the June top.

Pablo Piovano FXStreet

EUR/USD navigates within a narrow range around the 1.0900 zone on the back of reduced trade conditions in response to the US Independence Day holiday.

Price action around the pair looks vacillating for the time being. Against that, spot needs to clear the June peak at 1.1012 (June 22), ideally in the near term, to allow for the resumption of the uptrend and a potential challenge of the 2023 top just below 1.1100 (April 26).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0602.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0901
Today Daily Change	27
Today Daily Change %	-0.10
Today daily open	1.0912

Trends
Daily SMA20	1.0867
Daily SMA50	1.0869
Daily SMA100	1.0821
Daily SMA200	1.0597

Levels
Previous Daily High	1.0934
Previous Daily Low	1.087
Previous Weekly High	1.0977
Previous Weekly Low	1.0835
Previous Monthly High	1.1012
Previous Monthly Low	1.0662
Daily Fibonacci 38.2%	1.091
Daily Fibonacci 61.8%	1.0895
Daily Pivot Point S1	1.0876
Daily Pivot Point S2	1.0842
Daily Pivot Point S3	1.0813
Daily Pivot Point R1	1.094
Daily Pivot Point R2	1.0969
Daily Pivot Point R3	1.1004

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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