EUR/USD Price Analysis: Further upside could see 1.1000 revisited

EUR/USD faces some corrective decline above 1.0900.
Next target of note on the upside emerges at the 1.1000 barrier.

Pablo Piovano FXStreet

EUR/USD deflates a tad after printing a new 2023 peak near 1.0930 on Thursday.

The continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0929 (January 26) to allow for a test of the weekly top at 1.0936 (April 21 2022).

A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 the figure sooner rather than later.

In the meantime, while above the short-term support line around 1.0675, extra gains should remain in store for the pair.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0309.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0893
Today Daily Change	43
Today Daily Change %	-0.19
Today daily open	1.0914

Trends
Daily SMA20	1.0751
Daily SMA50	1.0603
Daily SMA100	1.026
Daily SMA200	1.0311

Levels
Previous Daily High	1.0924
Previous Daily Low	1.0857
Previous Weekly High	1.0888
Previous Weekly Low	1.0766
Previous Monthly High	1.0736
Previous Monthly Low	1.0393
Daily Fibonacci 38.2%	1.0898
Daily Fibonacci 61.8%	1.0883
Daily Pivot Point S1	1.0873
Daily Pivot Point S2	1.0832
Daily Pivot Point S3	1.0807
Daily Pivot Point R1	1.094
Daily Pivot Point R2	1.0965
Daily Pivot Point R3	1.1006

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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