EUR/USD Price Analysis: Extra gains could extend to 1.1000 and above

The corrective upside in EUR/USD could re-test the 1.10 area.
Further north emerges the 200-day SMA and monthly tops.

Pablo Piovano FXStreet

EUR/USD is resuming the upside on Tuesday after bottoming out in the 1.00870 region at the beginning of the week.

The bullish attempt is now re-targeting the 1.10 barrier and above, where coincide monthly peaks and the critical 200-day SMA.

Above the 200-day SMA, there is room for the continuation of the move to late March peaks in the mid-1.1100s.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0948
Today Daily Change	64
Today Daily Change %	0.48
Today daily open	1.0896

Trends
Daily SMA20	1.0876
Daily SMA50	1.088
Daily SMA100	1.0962
Daily SMA200	1.1014

Levels
Previous Daily High	1.0914
Previous Daily Low	1.0871
Previous Weekly High	1.1009
Previous Weekly Low	1.08
Previous Monthly High	1.1039
Previous Monthly Low	1.0727
Daily Fibonacci 38.2%	1.0887
Daily Fibonacci 61.8%	1.0898
Daily Pivot Point S1	1.0873
Daily Pivot Point S2	1.085
Daily Pivot Point S3	1.0829
Daily Pivot Point R1	1.0917
Daily Pivot Point R2	1.0938
Daily Pivot Point R3	1.0961

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.

EUR/USD eases marginally, back to 1.1800

EUR/USD navigates a narrow range on Thursday, hovering around the 1.1800 neighbourhood in a context of humble gains in the US Dollar. The pair’s lacklustre performance come amid the unabated trade uncertainty, geopolitical tensions in the Middle East and the cautious tone from the ECB’s Lagarde.

GBP/USD retreats from tops, approaching 1.3540

GBP/USD partially sets aside Wednesday’s strong advance and recedes to the 1.3540 region on Thursday. Cable’s modest retracement follows the equally acceptable gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold clings to gains just below $5,200, focus on geopolitics

Gold is edging modestly higher on Thursday, adding to Wednesday’s uptick and holding just below the $5,200 mark per troy ounce against the backdrop of modest gains in the US Dollar. In the meantime, attention is turning to the geopolitical scenario following US-Iran nuclear talks.