EUR/USD Price Analysis: Above 1.0500 comes 1.0614

EUR/USD climbs to multi-month highs near 1.0500.
Extra gains look likely beyond the 1.0500 hurdle.

Pablo Piovano FXStreet

EUR/USD picks up extra upside traction and pokes with the key barrier at 1.0500 the figure on Monday.

Once 1.0500 is cleared, the pair is expected to refocus on the weekly peak at 1.0614 (June 27) ahead of the June top at 1.0773 (June 9) and the May high at 1.0786 (May 30).

Above the 200-day Simple Moving Average (SMA) (1.0382), the pair’s outlook should remain constructive.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0449
Today Daily Change	155
Today Daily Change %	0.38
Today daily open	1.0409

Trends
Daily SMA20	1.0175
Daily SMA50	0.9964
Daily SMA100	1.0031
Daily SMA200	1.0389

Levels
Previous Daily High	1.0429
Previous Daily Low	1.0355
Previous Weekly High	1.0449
Previous Weekly Low	1.0223
Previous Monthly High	1.0094
Previous Monthly Low	0.9632
Daily Fibonacci 38.2%	1.0383
Daily Fibonacci 61.8%	1.0401
Daily Pivot Point S1	1.0366
Daily Pivot Point S2	1.0323
Daily Pivot Point S3	1.0292
Daily Pivot Point R1	1.0441
Daily Pivot Point R2	1.0472
Daily Pivot Point R3	1.0515

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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