EUR/USD Price Analysis: Gains seen accelerating above 1.0300

EUR/USD flirts with weekly highs around 1.0250 on Wednesday.
Further gains look likely on a close above 1.0300.

Pablo Piovano FXStreet

EUR/USD trades on a positive performance around the 1.0250 region midweek.

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 1.0377.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0906.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0238
Today Daily Change	44
Today Daily Change %	0.24
Today daily open	1.0213

Trends
Daily SMA20	1.0176
Daily SMA50	1.0353
Daily SMA100	1.0546
Daily SMA200	1.0915

Levels
Previous Daily High	1.0248
Previous Daily Low	1.0188
Previous Weekly High	1.0294
Previous Weekly Low	1.0123
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0225
Daily Fibonacci 61.8%	1.0211
Daily Pivot Point S1	1.0185
Daily Pivot Point S2	1.0157
Daily Pivot Point S3	1.0126
Daily Pivot Point R1	1.0244
Daily Pivot Point R2	1.0275
Daily Pivot Point R3	1.0303

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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