EUR/USD Price Analysis: Further upside targets 1.2180

EUR/USD adds to recent gains beyond 1.2100 the figure.
Extra gains could see the monthly tops around 1.2180 retested.

Pablo Piovano FXStreet

EUR/USD extends the rebound from weekly lows in the 1.2050 region to levels past the 1.2100 level on Friday.

The ongoing context allows for the continuation of the uptrend, at least in the very near-term, with the next hurdle at the so far monthly tops in the 1.2180/85 band (May 11). Above this level, the February’s high at 1.2243 emerges as the immediate resistance for EUR-bulls.

The constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1951.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2123
Today Daily Change	66
Today Daily Change %	0.34
Today daily open	1.2082

Trends
Daily SMA20	1.207
Daily SMA50	1.1953
Daily SMA100	1.2045
Daily SMA200	1.1956

Levels
Previous Daily High	1.2106
Previous Daily Low	1.2052
Previous Weekly High	1.2172
Previous Weekly Low	1.1986
Previous Monthly High	1.215
Previous Monthly Low	1.1713
Daily Fibonacci 38.2%	1.2085
Daily Fibonacci 61.8%	1.2072
Daily Pivot Point S1	1.2053
Daily Pivot Point S2	1.2025
Daily Pivot Point S3	1.1999
Daily Pivot Point R1	1.2108
Daily Pivot Point R2	1.2134
Daily Pivot Point R3	1.2163

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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