EUR/USD Price Analysis: Extra gains remain favoured

EUR/USD resumes the upside following the post-ECB sell-off.
The surpass of 1.1030 exposes a move to 1.1100.

Pablo Piovano FXStreet

EUR/USD reverses the recent pessimism and embarks on a recovery north of the 1.0900 hurdle on Friday.

A move beyond the so far 2023 high at 1.1032 (February 2) should retarget the round level at 1.1100 prior to the weekly peak at 1.1184 (March 31 2022).

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0317.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0931
Today Daily Change	56
Today Daily Change %	0.16
Today daily open	1.0914

Trends
Daily SMA20	1.0834
Daily SMA50	1.0669
Daily SMA100	1.0313
Daily SMA200	1.0318

Levels
Previous Daily High	1.1033
Previous Daily Low	1.0885
Previous Weekly High	1.093
Previous Weekly Low	1.0835
Previous Monthly High	1.093
Previous Monthly Low	1.0483
Daily Fibonacci 38.2%	1.0942
Daily Fibonacci 61.8%	1.0977
Daily Pivot Point S1	1.0855
Daily Pivot Point S2	1.0796
Daily Pivot Point S3	1.0707
Daily Pivot Point R1	1.1003
Daily Pivot Point R2	1.1092
Daily Pivot Point R3	1.1151

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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