EUR/USD Price Analysis: Further gains should reclaim 1.0800 and beyond

EUR/USD corrects lower following new monthly peaks near 1.0790.
Extra advances are expected to reclaim the area above 1.0800.

Pablo Piovano FXStreet

EUR/USD faces some renewed downside pressure and gives away part of Thursday’s strong move to the vicinity of 1.0800 the figure.

A more serious bullish attempt is expected to quickly surpass the so far monthly high at 1.0787 (June 8) closely followed by the round level at 1.0800, which appears propped up by the transitory 100-day SMA, today at 1.0807.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0518.

EUR/USD daily charts

EUR/USD

Overview
Today last price	1.0767
Today Daily Change	29
Today Daily Change %	-0.14
Today daily open	1.0782

Trends
Daily SMA20	1.0764
Daily SMA50	1.0887
Daily SMA100	1.0809
Daily SMA200	1.0516

Levels
Previous Daily High	1.0787
Previous Daily Low	1.0696
Previous Weekly High	1.0779
Previous Weekly Low	1.0635
Previous Monthly High	1.1092
Previous Monthly Low	1.0635
Daily Fibonacci 38.2%	1.0752
Daily Fibonacci 61.8%	1.0731
Daily Pivot Point S1	1.0723
Daily Pivot Point S2	1.0664
Daily Pivot Point S3	1.0632
Daily Pivot Point R1	1.0814
Daily Pivot Point R2	1.0846
Daily Pivot Point R3	1.0906

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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