EUR/USD Price Analysis: Immediately to the upside aligns 1.0614

EUR/USD keeps the bid bias unchanged around 1.0550.
Extra gains are expected to meet the next hurdle at 1.0614.

Pablo Piovano FXStreet

EUR/USD manages to accelerate gains and visit the 1.0580/85 band at the beginning of the week.

Further upside in the pair is now likely to pick up pace following the recent surpass of the 200-day SMA and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).

Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0362.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0556
Today Daily Change	0.0023
Today Daily Change %	0.22
Today daily open	1.0533

Trends
Daily SMA20	1.0316
Daily SMA50	1.002
Daily SMA100	1.005
Daily SMA200	1.0367

Levels
Previous Daily High	1.0545
Previous Daily Low	1.0428
Previous Weekly High	1.0545
Previous Weekly Low	1.029
Previous Monthly High	1.0497
Previous Monthly Low	0.973
Daily Fibonacci 38.2%	1.05
Daily Fibonacci 61.8%	1.0473
Daily Pivot Point S1	1.046
Daily Pivot Point S2	1.0386
Daily Pivot Point S3	1.0343
Daily Pivot Point R1	1.0576
Daily Pivot Point R2	1.0619
Daily Pivot Point R3	1.0692

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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