EUR/USD Price Analysis: Extra gains in store above the 200-day SMA

EUR/USD adds to Tuesday’s advance and retests 1.0350.
Next on the upside comes the key 200-day SMA near 1.0400.

Pablo Piovano FXStreet

EUR/USD advances for the second session in a row and climbs to 3-day highs around 1.0350.

The continuation of the rebound should initially target the key 200-day SMA, today at 1.0395. The surpass of this region is needed to challenge the so far November high at 1.0481 (November 15).

The pair’s outlook is expected to shift to positive above the 200-day SMA.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0321
Today Daily Change	52
Today Daily Change %	0.20
Today daily open	1.03

Trends
Daily SMA20	1.0114
Daily SMA50	0.994
Daily SMA100	1.0024
Daily SMA200	1.0403

Levels
Previous Daily High	1.0308
Previous Daily Low	1.0237
Previous Weekly High	1.0482
Previous Weekly Low	1.0272
Previous Monthly High	1.0094
Previous Monthly Low	0.9632
Daily Fibonacci 38.2%	1.0281
Daily Fibonacci 61.8%	1.0264
Daily Pivot Point S1	1.0256
Daily Pivot Point S2	1.0211
Daily Pivot Point S3	1.0185
Daily Pivot Point R1	1.0327
Daily Pivot Point R2	1.0353
Daily Pivot Point R3	1.0398

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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