EUR/USD Price Analysis: Bulls need to clear the 55-day SMA

EUR/USD regains some buying interest beyond 1.0600.
There is an initial up-barrier at the 55-day SMA near 1.0715.

Pablo Piovano FXStreet

EUR/USD pick up pace and reverses, albeit partially, Thursday’s decline at the end of the week.

Occasional bullish attempts need to clear the provisional hurdle at the 55-day SMA, today at 1.0714, to allow for extra gains to, initially, the weekly top at 1.0804 (February 14).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0326.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0616
Today Daily Change	35
Today Daily Change %	0.15
Today daily open	1.06

Trends
Daily SMA20	1.0671
Daily SMA50	1.0726
Daily SMA100	1.0487
Daily SMA200	1.0329

Levels
Previous Daily High	1.0673
Previous Daily Low	1.0577
Previous Weekly High	1.0705
Previous Weekly Low	1.0536
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0613
Daily Fibonacci 61.8%	1.0636
Daily Pivot Point S1	1.056
Daily Pivot Point S2	1.052
Daily Pivot Point S3	1.0464
Daily Pivot Point R1	1.0657
Daily Pivot Point R2	1.0713
Daily Pivot Point R3	1.0753

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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