EUR/USD Price Analysis: Extra upside could revisit 1.0200

EUR/USD’s rally meets initial resistance around 1.0100 on Thursday.
The continuation of the uptrend could see 1.0200 retested.

Pablo Piovano FXStreet

EUR/USD meets a tough hurdle around the 1.0100 neighbourhood on Thursday, returning to the negative territory after five consecutive daily advances.

Surpassing the 1.0100 zone could spark a more serious recovery in the short-term. Weighed against that, however, is the fact that an immediate barrier is now expected at the September top at 1.0197 (September 12) ahead of the August peak at 1.0368 (August 10).

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0510.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0036
Today Daily Change	65
Today Daily Change %	-0.43
Today daily open	1.0079

Trends
Daily SMA20	0.9824
Daily SMA50	0.9893
Daily SMA100	1.0095
Daily SMA200	1.0518

Levels
Previous Daily High	1.0089
Previous Daily Low	0.9944
Previous Weekly High	0.9876
Previous Weekly Low	0.9705
Previous Monthly High	1.0198
Previous Monthly Low	0.9536
Daily Fibonacci 38.2%	1.0033
Daily Fibonacci 61.8%	0.9999
Daily Pivot Point S1	0.9986
Daily Pivot Point S2	0.9892
Daily Pivot Point S3	0.984
Daily Pivot Point R1	1.0131
Daily Pivot Point R2	1.0183
Daily Pivot Point R3	1.0276

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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