EUR/USD Price Analysis: Further upside needs to clear 1.0280

EUR/USD extends the optimism to the 1.0270 region on Monday.
Extra gains look likely on a breakout of the 1.0280 zone.

Pablo Piovano FXStreet

EUR/USD’s upside momentum has faltered once again around the 1.0270 region at the beginning of the week.

Ideally, the pair should clear the area of recent peaks around 1.0280 to allow for the continuation of the rebound in the near term. Against that, the next hurdle now appears at the temporary 55-day SMA, today at 1.0428.

In the meantime, the pair is expected to remain under downside pressure while below the 6-month support line around 1.0450.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0955.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0233
Today Daily Change	65
Today Daily Change %	0.13
Today daily open	1.022

Trends
Daily SMA20	1.0171
Daily SMA50	1.0427
Daily SMA100	1.0603
Daily SMA200	1.0964

Levels
Previous Daily High	1.0254
Previous Daily Low	1.0146
Previous Weekly High	1.0258
Previous Weekly Low	1.0097
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0213
Daily Fibonacci 61.8%	1.0188
Daily Pivot Point S1	1.0159
Daily Pivot Point S2	1.0098
Daily Pivot Point S3	1.0051
Daily Pivot Point R1	1.0267
Daily Pivot Point R2	1.0315
Daily Pivot Point R3	1.0376

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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