EUR/USD Price Analysis: Extra gains expected above 1.1900

EUR/USD quickly reversed Monday’s uptick to the area just above 1.19.
If this level is cleared, then the focus is seen shifting to 1.1920.

Pablo Piovano FXStreet

EUR/USD regains some upside momentum on Tuesday following another rejection from the 1.19 neighbourhood at the beginning of the week.

If bulls manage to push further and surpass the 1.19 barrier, then the next hurdle of note is located at the monthly tops around 1.1920 (November 9) ahead of the summer’s peak at 1.1965 (August 18). Another visit to the 2020 high past 1.20 the figure is not favoured in the near-term at least.

Looking at the broader scenario, extra gains in EUR/USD are likely while above the critical 200-day SMA, today at 1.1386.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.187
Today Daily Change	61
Today Daily Change %	0.27
Today daily open	1.1838

Trends
Daily SMA20	1.179
Daily SMA50	1.1775
Daily SMA100	1.1744
Daily SMA200	1.1383

Levels
Previous Daily High	1.1906
Previous Daily Low	1.18
Previous Weekly High	1.1894
Previous Weekly Low	1.1814
Previous Monthly High	1.1881
Previous Monthly Low	1.164
Daily Fibonacci 38.2%	1.184
Daily Fibonacci 61.8%	1.1865
Daily Pivot Point S1	1.179
Daily Pivot Point S2	1.1742
Daily Pivot Point S3	1.1684
Daily Pivot Point R1	1.1896
Daily Pivot Point R2	1.1954
Daily Pivot Point R3	1.2002

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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