EUR/USD Price Analysis: Extra gains likely above 1.0430

EUR/USD fails to extend the recovery beyond 1.0400.
The 9-month resistance line still caps the upside.

Pablo Piovano FXStreet

EUR/USD alternates gains with losses in the low-1.0300s following another failed attempt to retake the 1.0400 barrier earlier on Tuesday.

So far, the 9-month resistance line, today around 1.0430, continues to cap occasional bullish attempts.

A sustained breakout of this region is needed to allow for the continuation of the uptrend to, initially, 1.0481 (November 15) ahead of 1.0496 (November 28).

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0339
Today Daily Change	70
Today Daily Change %	0.03
Today daily open	1.0336

Trends
Daily SMA20	1.0197
Daily SMA50	0.997
Daily SMA100	1.0034
Daily SMA200	1.0384

Levels
Previous Daily High	1.0497
Previous Daily Low	1.033
Previous Weekly High	1.0449
Previous Weekly Low	1.0223
Previous Monthly High	1.0094
Previous Monthly Low	0.9632
Daily Fibonacci 38.2%	1.0394
Daily Fibonacci 61.8%	1.0433
Daily Pivot Point S1	1.0278
Daily Pivot Point S2	1.0221
Daily Pivot Point S3	1.0111
Daily Pivot Point R1	1.0445
Daily Pivot Point R2	1.0555
Daily Pivot Point R3	1.0612

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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