EUR/USD Price Analysis: A solid resistance emerges around 1.0930

EUR/USD leaves behind the earlier drop to the sub-1.0800 region.
Further gains continue to target monthly peaks in the 1.0930 area.

Pablo Piovano FXStreet

EUR/USD bounces off earlier lows in the proximity of 1.0790 and regains the 1.0880 region in a volatile start of the new trading week.

The likelihood of extra advances appears favoured for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) prior to a potential test of the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0341.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0871
Today Daily Change	89
Today Daily Change %	0.29
Today daily open	1.084

Trends
Daily SMA20	1.0724
Daily SMA50	1.0732
Daily SMA100	1.0651
Daily SMA200	1.0342

Levels
Previous Daily High	1.0926
Previous Daily Low	1.0837
Previous Weekly High	1.0926
Previous Weekly Low	1.0745
Previous Monthly High	1.093
Previous Monthly Low	1.0516
Daily Fibonacci 38.2%	1.0871
Daily Fibonacci 61.8%	1.0892
Daily Pivot Point S1	1.0809
Daily Pivot Point S2	1.0779
Daily Pivot Point S3	1.072
Daily Pivot Point R1	1.0898
Daily Pivot Point R2	1.0956
Daily Pivot Point R3	1.0987

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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