EUR/USD Price Analysis: Above 1.1030 comes the 2023 peak

EUR/USD fades the initial bull run to the 1.1030 region.
A potential test of the 2023 top emerges on the horizon.

Pablo Piovano FXStreet

EUR/USD retreats from earlier monthly tops north of the psychological 1.1000 mark on Tuesday.

The surpass of the July high at 1.1027 should put the pair en route to a challenge of the 2023 high at 1.1095 (April 26) just ahead of the round level at 1.1100.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0630.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0982
Today Daily Change	51
Today Daily Change %	-0.17
Today daily open	1.1001

Trends
Daily SMA20	1.0912
Daily SMA50	1.086
Daily SMA100	1.0832
Daily SMA200	1.0627

Levels
Previous Daily High	1.1002
Previous Daily Low	1.0944
Previous Weekly High	1.0973
Previous Weekly Low	1.0834
Previous Monthly High	1.1012
Previous Monthly Low	1.0662
Daily Fibonacci 38.2%	1.0979
Daily Fibonacci 61.8%	1.0966
Daily Pivot Point S1	1.0963
Daily Pivot Point S2	1.0924
Daily Pivot Point S3	1.0905
Daily Pivot Point R1	1.1021
Daily Pivot Point R2	1.104
Daily Pivot Point R3	1.1079

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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