EUR/USD Price Analysis: Extra gains target the 2023 high near 1.1100

EUR/USD extends Friday’s upside momentum to 1.1050.
Further strength could see the YTD high near 1.1100 revisited.

Pablo Piovano FXStreet

EUR/USD maintains the bid bias well in place and revisits the mid-1.1000s at the beginning of the week.

Further recovery appears on the table for the time being. The surpass of with the 2023 peak at 1.1095 (April 26) should encourage the pair to rapidly leave behind the round level at 1.1100 before embarking on a potential visit to the weekly high at 1.1184 (March 21 2022)

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0436.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.105
Today Daily Change	39
Today Daily Change %	0.27
Today daily open	1.102

Trends
Daily SMA20	1.0989
Daily SMA50	1.0839
Daily SMA100	1.0782
Daily SMA200	1.0434

Levels
Previous Daily High	1.1048
Previous Daily Low	1.0967
Previous Weekly High	1.1092
Previous Weekly Low	1.0942
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.1017
Daily Fibonacci 61.8%	1.0998
Daily Pivot Point S1	1.0975
Daily Pivot Point S2	1.0931
Daily Pivot Point S3	1.0894
Daily Pivot Point R1	1.1056
Daily Pivot Point R2	1.1093
Daily Pivot Point R3	1.1137

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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