EUR/USD Price Analysis: Further gains expected beyond the 200-day SMA

EUR/USD comes under pressure and returns to the sub-1.0400 area.
Immediately to the upside emerges the November peak at 1.0481.

Pablo Piovano FXStreet

EUR/USD faces some selling pressure and slips back to the area below the 1.0400 mark at the end of the week.

A close above the key 200-day SMA, today at 1.0386, in a convincing fashion is needed to shift the pair’s outlook to positive and thus allow for extra gains to potentially visit the November high at 1.0481 (November 15) in the short-term horizon.

The surpass of the latter could put the round level at 1.0500 back on the investors’ radar.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0393
Today Daily Change	47
Today Daily Change %	-0.19
Today daily open	1.0413

Trends
Daily SMA20	1.0153
Daily SMA50	0.9956
Daily SMA100	1.0029
Daily SMA200	1.0393

Levels
Previous Daily High	1.0449
Previous Daily Low	1.0382
Previous Weekly High	1.0482
Previous Weekly Low	1.0272
Previous Monthly High	1.0094
Previous Monthly Low	0.9632
Daily Fibonacci 38.2%	1.0423
Daily Fibonacci 61.8%	1.0407
Daily Pivot Point S1	1.0381
Daily Pivot Point S2	1.0348
Daily Pivot Point S3	1.0314
Daily Pivot Point R1	1.0447
Daily Pivot Point R2	1.0481
Daily Pivot Point R3	1.0514

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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