EUR/USD Price Analysis: Extra gains target the 1.1080 region

EUR/USD reclaims the area beyond the 1.1000 yardstick on Monday.
Extra upside appears on the cards with the target at the YTD top.

Pablo Piovano FXStreet

EUR/USD extends the bullish mood north of the key 1.1000 barrier at the beginning of the week.

The pair looks poised to extend the recovery further in the near term at least. That said, the immediate hurdle is expected at the 2023 high at 1.1075 (April 14) seconded by the round level at 1.1100.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0395.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1009
Today Daily Change	55
Today Daily Change %	0.21
Today daily open	1.0986

Trends
Daily SMA20	1.0921
Daily SMA50	1.0767
Daily SMA100	1.0736
Daily SMA200	1.0393

Levels
Previous Daily High	1.0994
Previous Daily Low	1.0938
Previous Weekly High	1.1
Previous Weekly Low	1.0909
Previous Monthly High	1.093
Previous Monthly Low	1.0516
Daily Fibonacci 38.2%	1.0972
Daily Fibonacci 61.8%	1.0959
Daily Pivot Point S1	1.0952
Daily Pivot Point S2	1.0917
Daily Pivot Point S3	1.0896
Daily Pivot Point R1	1.1007
Daily Pivot Point R2	1.1028
Daily Pivot Point R3	1.1063

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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