EUR/USD Price Analysis: Immediate hurdle lines up at 2020 highs

EUR/USD extends the upside momentum well past 1.18.
Further gains now target the YTD peak beyond the 1.19 mark.

Pablo Piovano FXStreet

EUR/USD has resumed the upside and it has already reclaimed the key barrier at 1.18 the figure.

The pair’s momentum looks firmer despite re-entering the oversold territory and there is now room for a more convincing visit to the 1.19 neighbourhood ahead of the psychological yardstick at 1.2000.

Looking at the broader picture, as long as the 200-day SMA, today at 1.1097, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.185
Today Daily Change	69
Today Daily Change %	0.40
Today daily open	1.1803

Trends
Daily SMA20	1.1556
Daily SMA50	1.1366
Daily SMA100	1.1123
Daily SMA200	1.1096

Levels
Previous Daily High	1.1806
Previous Daily Low	1.1722
Previous Weekly High	1.1909
Previous Weekly Low	1.1642
Previous Monthly High	1.1909
Previous Monthly Low	1.1185
Daily Fibonacci 38.2%	1.1774
Daily Fibonacci 61.8%	1.1754
Daily Pivot Point S1	1.1747
Daily Pivot Point S2	1.1692
Daily Pivot Point S3	1.1663
Daily Pivot Point R1	1.1832
Daily Pivot Point R2	1.1861
Daily Pivot Point R3	1.1917

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.

EUR/USD trims gains, back below 1.1800

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