EUR/USD Price Analysis: Further upside keeps targeting 1.0300

EUR/USD advances further north of the 1.0200 hurdle on Tuesday.
The continuation of the uptrend could see 1.0300 retested near term.

Pablo Piovano FXStreet

EUR/USD flirts with the area of multi-day highs around 1.0250, posting gains for the second straight session on Tuesday.

The so far August high at 1.0293 (August 2) emerges as the magnet for bulls for the time being. Above this level, spot is expected to see its uptrend reinvigorated and could challenge the temporary 55-day SMA in the near term, today at 1.0386.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0913.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0238
Today Daily Change	59
Today Daily Change %	0.41
Today daily open	1.0196

Trends
Daily SMA20	1.0168
Daily SMA50	1.0364
Daily SMA100	1.0554
Daily SMA200	1.0922

Levels
Previous Daily High	1.0222
Previous Daily Low	1.0159
Previous Weekly High	1.0294
Previous Weekly Low	1.0123
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0198
Daily Fibonacci 61.8%	1.0183
Daily Pivot Point S1	1.0163
Daily Pivot Point S2	1.013
Daily Pivot Point S3	1.0101
Daily Pivot Point R1	1.0226
Daily Pivot Point R2	1.0255
Daily Pivot Point R3	1.0288

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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