EUR/USD Price Analysis: Bulls now look at 1.0800 and beyond

The upside momentum in EUR/USD picks up pace on Monday.
Next on the upside comes the 1.0800 mark.

Pablo Piovano FXStreet

EUR/USD extends the buying interest to fresh multi-week highs north of 1.0700 the figure at the beginning of the week.

The continuation of the uptrend appears favoured for the time being. Against that, a convincing move above Monday’s peak at 1.0737 should open the door the wekly high at 1.0804 (February 14). Further up, there are no resistance levels of note until the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0324.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0721
Today Daily Change	87
Today Daily Change %	0.79
Today daily open	1.0637

Trends
Daily SMA20	1.0634
Daily SMA50	1.0722
Daily SMA100	1.0534
Daily SMA200	1.0326

Levels
Previous Daily High	1.0701
Previous Daily Low	1.0574
Previous Weekly High	1.0701
Previous Weekly Low	1.0524
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0652
Daily Fibonacci 61.8%	1.0622
Daily Pivot Point S1	1.0574
Daily Pivot Point S2	1.0511
Daily Pivot Point S3	1.0447
Daily Pivot Point R1	1.07
Daily Pivot Point R2	1.0764
Daily Pivot Point R3	1.0827

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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