EUR/USD Price Analysis: Extra gains need to clear 1.0620

EUR/USD revisits the area above 1.0600 once again on Tuesday.
The continuation of the rebound should target the 1.0620 area.

Pablo Piovano FXStreet

EUR/USD regains composure following Monday’s pessimism and breaks above the 1.0600 hurdle.

In case bulls regain the initiative, the pair should initially retarget the minor barrier at 1.0617 (September 29) ahead of the weekly peak of 1.0767 (September 12). On the flip side, if bears regain the upper hand, the pair could slip back to the area of yearly lows around 1.0450 (October 3).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0823.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0595
Today Daily Change	57
Today Daily Change %	0.26
Today daily open	1.0567

Trends
Daily SMA20	1.0604
Daily SMA50	1.0762
Daily SMA100	1.084
Daily SMA200	1.0825

Levels
Previous Daily High	1.0587
Previous Daily Low	1.052
Previous Weekly High	1.06
Previous Weekly Low	1.0448
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0545
Daily Fibonacci 61.8%	1.0561
Daily Pivot Point S1	1.0529
Daily Pivot Point S2	1.0491
Daily Pivot Point S3	1.0462
Daily Pivot Point R1	1.0596
Daily Pivot Point R2	1.0625
Daily Pivot Point R3	1.0663

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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