EUR/USD Price Analysis: Further upside now targets 1.1172

The recovery in EUR/USD regained the 1.11 mark and beyond.
The pair needs to close above the 55-day SMA (1.1035) to allow for extra gains.

Pablo Piovano FXStreet

EUR/USD moved beyond 1.11 the figure for the first time since mid-January, always bolstered by the increasing selling pressure hitting the greenback.

The pair needs to close above the 55-day SMA, today at 1.1036, in order to reassert the upside pressure.

Immediately to the upside emerges a Fibo retracement (of the 2020 drop) at 1.1140 ahead of the January 16^th high at 1.1172.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1098
Today Daily Change	84
Today Daily Change %	0.54
Today daily open	1.1038

Trends
Daily SMA20	1.0907
Daily SMA50	1.1031
Daily SMA100	1.1056
Daily SMA200	1.11

Levels
Previous Daily High	1.1053
Previous Daily Low	1.0951
Previous Weekly High	1.1053
Previous Weekly Low	1.0805
Previous Monthly High	1.1089
Previous Monthly Low	1.0778
Daily Fibonacci 38.2%	1.1014
Daily Fibonacci 61.8%	1.099
Daily Pivot Point S1	1.0975
Daily Pivot Point S2	1.0912
Daily Pivot Point S3	1.0873
Daily Pivot Point R1	1.1077
Daily Pivot Point R2	1.1116
Daily Pivot Point R3	1.1179

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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