EUR/USD Price Analysis: A test of 1.0900 remains well in place

EUR/USD sees its recent strong advance momentarily halted.
The resumption of the bullish bias should target the 1.0900 level.

Pablo Piovano FXStreet

EUR/USD comes under pressure soon after hitting fresh 9-month peaks around 1.0870 on Friday.

Despite the ongoing knee-jerk, bulls remain well in control of the mood around the pair for the time being. Against that, further north of the so far YTD high at 1.0867 (January 13) should appear the round level at 1.0900 in the short-term horizon.

Furthermore, while above the short-term support line near 1.0550, the pair should maintain its bullish outlook.

In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0308.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.082
Today Daily Change	64
Today Daily Change %	-0.29
Today daily open	1.0852

Trends
Daily SMA20	1.0647
Daily SMA50	1.0485
Daily SMA100	1.0182
Daily SMA200	1.0311

Levels
Previous Daily High	1.0867
Previous Daily Low	1.0731
Previous Weekly High	1.071
Previous Weekly Low	1.0483
Previous Monthly High	1.0736
Previous Monthly Low	1.0393
Daily Fibonacci 38.2%	1.0815
Daily Fibonacci 61.8%	1.0783
Daily Pivot Point S1	1.0767
Daily Pivot Point S2	1.0681
Daily Pivot Point S3	1.0631
Daily Pivot Point R1	1.0903
Daily Pivot Point R2	1.0953
Daily Pivot Point R3	1.1039

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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