EUR/USD Price Analysis: Extra gains seen above 1.1870

EUR/USD adds to recent gains above the 1.1800 mark.
Immediate resistance lines up at the 1.1870 area.

Pablo Piovano FXStreet

EUR/USD attempts a consolidative move above 1.1800 after bouncing off multi-week lows around 1.1770 recorded on Monday.

Further upside in the pair now faces an interim barrier at the 10-day SMA at 1.1837 ahead of the 1.1870 zone, where sits the short-term resistance line. Above this area gains could accelerate and attempt another visit to monthly tops above 1.19 de figure, leaving behind at the same time the Fibo level (of the June-August drop) at 1.1889.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.1993.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1819
Today Daily Change	26
Today Daily Change %	0.07
Today daily open	1.1811

Trends
Daily SMA20	1.179
Daily SMA50	1.1801
Daily SMA100	1.1939
Daily SMA200	1.1998

Levels
Previous Daily High	1.1817
Previous Daily Low	1.177
Previous Weekly High	1.1886
Previous Weekly Low	1.1802
Previous Monthly High	1.19
Previous Monthly Low	1.1664
Daily Fibonacci 38.2%	1.1788
Daily Fibonacci 61.8%	1.1799
Daily Pivot Point S1	1.1782
Daily Pivot Point S2	1.1752
Daily Pivot Point S3	1.1735
Daily Pivot Point R1	1.1829
Daily Pivot Point R2	1.1846
Daily Pivot Point R3	1.1876

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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