EUR/USD Price Analysis: Extra gains face the next obstacle at 1.0880

EUR/USD adds to Monday’s gains and surpasses 1.0800.
Further upside could dispute the 55-day SMA near 1.0880.

Pablo Piovano FXStreet

EUR/USD extends the bullish momentum north of the 1.0800 hurdle on Tuesday.

A more serious bullish attempt is expected to put the transitory 55-day SMA at 1.0878 to the test ahead of the weekly peak at 1.0904 (May 16).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0527.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0794
Today Daily Change	58
Today Daily Change %	0.35
Today daily open	1.0756

Trends
Daily SMA20	1.0753
Daily SMA50	1.0882
Daily SMA100	1.0807
Daily SMA200	1.0524

Levels
Previous Daily High	1.079
Previous Daily Low	1.0733
Previous Weekly High	1.0787
Previous Weekly Low	1.0667
Previous Monthly High	1.1092
Previous Monthly Low	1.0635
Daily Fibonacci 38.2%	1.0768
Daily Fibonacci 61.8%	1.0755
Daily Pivot Point S1	1.073
Daily Pivot Point S2	1.0703
Daily Pivot Point S3	1.0673
Daily Pivot Point R1	1.0787
Daily Pivot Point R2	1.0817
Daily Pivot Point R3	1.0843

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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