EUR/USD Price Analysis: Extra gains expected above 1.1830

EUR/USD picks up extra pace and breaks above 1.1800.
The continuation of the buying pressure targets 1.1830 ahead of 1.1900.

Pablo Piovano FXStreet

EUR/USD manages to regain the 1.18 mark and beyond on Tuesday, allowing for a potential test of recent peaks around 1.1830.

Further north of the so far monthly tops at 1.1830 (October 9) emerges 1.1917 (September 10 high) ahead of the August’s peak at 1.1965. A move back to the psychological 1.20 hurdle would require a moderate deterioration of the outlook surrounding the dollar, which is expected following the November 3 elections (and a Biden win).

Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1286.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.181
Today Daily Change	58
Today Daily Change %	0.34
Today daily open	1.177

Trends
Daily SMA20	1.1732
Daily SMA50	1.1795
Daily SMA100	1.161
Daily SMA200	1.1285

Levels
Previous Daily High	1.1794
Previous Daily Low	1.1703
Previous Weekly High	1.1827
Previous Weekly Low	1.1688
Previous Monthly High	1.2011
Previous Monthly Low	1.1612
Daily Fibonacci 38.2%	1.1759
Daily Fibonacci 61.8%	1.1738
Daily Pivot Point S1	1.1718
Daily Pivot Point S2	1.1665
Daily Pivot Point S3	1.1627
Daily Pivot Point R1	1.1808
Daily Pivot Point R2	1.1846
Daily Pivot Point R3	1.1898

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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