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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.

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 price1.0794
Today Daily Change58
Today Daily Change %0.35
Today daily open1.0756
 
Trends
Daily SMA201.0753
Daily SMA501.0882
Daily SMA1001.0807
Daily SMA2001.0524
 
Levels
Previous Daily High1.079
Previous Daily Low1.0733
Previous Weekly High1.0787
Previous Weekly Low1.0667
Previous Monthly High1.1092
Previous Monthly Low1.0635
Daily Fibonacci 38.2%1.0768
Daily Fibonacci 61.8%1.0755
Daily Pivot Point S11.073
Daily Pivot Point S21.0703
Daily Pivot Point S31.0673
Daily Pivot Point R11.0787
Daily Pivot Point R21.0817
Daily Pivot Point R31.0843

Author

Pablo Piovano

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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