EUR/USD Price Analysis: Extra gains remain on the table

EUR/USD clinches new 2020 peaks near 1.1920 on Thursday.
Further upside is seen visiting the key 1.20 neighbourhood.

Pablo Piovano FXStreet

EUR/USD has resumed the upside and it has already surpassed the 1.19 mark to record new highs in the 1.1915/20 band during early trade on Thursday.

The pair’s momentum looks firmer despite it is navigating the overbought territory. That said, while technical corrections are expected, there is also room for a more convincing advance to the psychological yardstick at 1.2000.

Looking at the broader picture, as long as the 200-day SMA, today at 1.1101, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1847
Today Daily Change	85
Today Daily Change %	-0.13
Today daily open	1.1863

Trends
Daily SMA20	1.1583
Daily SMA50	1.1383
Daily SMA100	1.1132
Daily SMA200	1.1099

Levels
Previous Daily High	1.1905
Previous Daily Low	1.1793
Previous Weekly High	1.1909
Previous Weekly Low	1.1642
Previous Monthly High	1.1909
Previous Monthly Low	1.1185
Daily Fibonacci 38.2%	1.1862
Daily Fibonacci 61.8%	1.1836
Daily Pivot Point S1	1.1802
Daily Pivot Point S2	1.1742
Daily Pivot Point S3	1.169
Daily Pivot Point R1	1.1915
Daily Pivot Point R2	1.1966
Daily Pivot Point R3	1.2027

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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