EUR/USD Price Analysis: A surpass of 1.2100 exposes extra gains

EUR/USD’s corrective downside meets support around 1.2000.
The resumption of the uptrend targets the 1.2100 level.

Pablo Piovano FXStreet

EUR/USD retreats further after climbing to as low as the 1.2080 region earlier in the week.

The current leg lower is deemed as temporary, with the resumption of the upside should target recent tops near 1.2080 ahead of the 1.2100 level.

A convincing break above the latter should expose the February highs around 1.2240 ahead of the 2021 peaks in the mid-1.2300s.

Above the 200-day SMA (1.1913) the stance for EUR/USD is predicted to remain positive.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.201
Today Daily Change	45
Today Daily Change %	-0.22
Today daily open	1.2036

Trends
Daily SMA20	1.1868
Daily SMA50	1.1961
Daily SMA100	1.2059
Daily SMA200	1.192

Levels
Previous Daily High	1.208
Previous Daily Low	1.2022
Previous Weekly High	1.1995
Previous Weekly Low	1.1871
Previous Monthly High	1.2113
Previous Monthly Low	1.1704
Daily Fibonacci 38.2%	1.2044
Daily Fibonacci 61.8%	1.2058
Daily Pivot Point S1	1.2012
Daily Pivot Point S2	1.1989
Daily Pivot Point S3	1.1955
Daily Pivot Point R1	1.207
Daily Pivot Point R2	1.2103
Daily Pivot Point R3	1.2127

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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