EUR/USD Price Analysis: Gains remain capped by 1.0800

EUR/USD advances to new multi-week highs around 1.0790.
There is a tough barrier at the 1.0800 zone so far.

Pablo Piovano FXStreet

EUR/USD resumes the upside bias following Friday’s marked pullback and approaches the 1.0800 region.

A more serious bullish attempt is expected to quickly surpass the so far monthly high at 1.0790 (June 12), which is closely followed by the round level at 1.0800. The latter, in turn, appears propped up by the temporary 100-day SMA at 1.0805.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0522.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0764
Today Daily Change	46
Today Daily Change %	0.14
Today daily open	1.0749

Trends
Daily SMA20	1.0759
Daily SMA50	1.0885
Daily SMA100	1.0808
Daily SMA200	1.052

Levels
Previous Daily High	1.0785
Previous Daily Low	1.0743
Previous Weekly High	1.0787
Previous Weekly Low	1.0667
Previous Monthly High	1.1092
Previous Monthly Low	1.0635
Daily Fibonacci 38.2%	1.0759
Daily Fibonacci 61.8%	1.0769
Daily Pivot Point S1	1.0733
Daily Pivot Point S2	1.0717
Daily Pivot Point S3	1.069
Daily Pivot Point R1	1.0775
Daily Pivot Point R2	1.0801
Daily Pivot Point R3	1.0817

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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