EUR/USD Price Analysis: Extra upside now targets 1.0970

EUR/USD maintains the bullish move intact so far this week.
Further gains could revisit the 55-day SMA around 1.0970.

Pablo Piovano FXStreet

EUR/USD picks up further pace and climbs to weekly highs near 1.0930, an area coincident with the 100-day SMA, on Wednesday.

The pair’s current momentum seems to be favouring the continuation of the march north for the time being. That said, there is a temporary hurdle at the 55-day SMA at 1.0968, which precedes the psychological 1.1000 mark and the August top of 1.1064 (August 10).

In the meantime, the pair is likely to remain bid while above the 200-day SMA, today at 1.0810.

EUR/USD

Overview
Today last price	1.0927
Today Daily Change	79
Today Daily Change %	0.43
Today daily open	1.088

Trends
Daily SMA20	1.0905
Daily SMA50	1.0974
Daily SMA100	1.0927
Daily SMA200	1.0809

Levels
Previous Daily High	1.0892
Previous Daily Low	1.0782
Previous Weekly High	1.093
Previous Weekly Low	1.0766
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.085
Daily Fibonacci 61.8%	1.0824
Daily Pivot Point S1	1.0811
Daily Pivot Point S2	1.0742
Daily Pivot Point S3	1.0701
Daily Pivot Point R1	1.092
Daily Pivot Point R2	1.0961
Daily Pivot Point R3	1.103

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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