EUR/USD Price Analysis: Extra gains seen above 1.2200

EUR/USD navigates the area of new monthly highs near 1.2180.
Further north is located the February’s top at 1.2243.

Pablo Piovano FXStreet

EUR/USD managed to clinch new monthly tops near 1.2180 earlier in the session, extending the recovery from last week’s lows in the 1.1985/80 band.

The ongoing context allows for the continuation of the uptrend, at least in the very near-term, with the next hurdle at the 1.2200 neighbourhood. Above this level, the February’s high at 1.2243 emerges as the immediate resistance for EUR-bulls.

The constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1946.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2164
Today Daily Change	40
Today Daily Change %	-0.02
Today daily open	1.2167

Trends
Daily SMA20	1.2039
Daily SMA50	1.1948
Daily SMA100	1.2048
Daily SMA200	1.195

Levels
Previous Daily High	1.2172
Previous Daily Low	1.2053
Previous Weekly High	1.2172
Previous Weekly Low	1.1986
Previous Monthly High	1.215
Previous Monthly Low	1.1713
Daily Fibonacci 38.2%	1.2126
Daily Fibonacci 61.8%	1.2098
Daily Pivot Point S1	1.209
Daily Pivot Point S2	1.2012
Daily Pivot Point S3	1.1971
Daily Pivot Point R1	1.2208
Daily Pivot Point R2	1.2249
Daily Pivot Point R3	1.2327

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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