EUR/USD Price Analysis: Attention remains on the 2023 peak

EUR/USD comes under some pressure following recent tops.
Immediately to the upside emerges the 2023 high at 1.1075.

Pablo Piovano FXStreet

EUR/USD surrenders part of the recent positive streak following the breakout of the 1.1000 barrier.

The pair looks poised to extend the recovery further in the near term. That said, the immediate hurdle is expected at the 2023 high at 1.1075 (April 14) seconded by the round level at 1.1100.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0400.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1021
Today Daily Change	52
Today Daily Change %	-0.23
Today daily open	1.1046

Trends
Daily SMA20	1.0934
Daily SMA50	1.0774
Daily SMA100	1.0742
Daily SMA200	1.0398

Levels
Previous Daily High	1.105
Previous Daily Low	1.0966
Previous Weekly High	1.1
Previous Weekly Low	1.0909
Previous Monthly High	1.093
Previous Monthly Low	1.0516
Daily Fibonacci 38.2%	1.1018
Daily Fibonacci 61.8%	1.0998
Daily Pivot Point S1	1.0991
Daily Pivot Point S2	1.0937
Daily Pivot Point S3	1.0907
Daily Pivot Point R1	1.1076
Daily Pivot Point R2	1.1105
Daily Pivot Point R3	1.116

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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