EUR/USD Price Analysis: Immediately to the upside aligns 1.0700

Pablo Piovano FXStreet

- EUR/USD advances further and retests the 1.0670/75 band.

- Further gains could see the 1.0700 region revisited in the near term.

EUR/USD comes under some pressure soon after hitting multi-day highs around 1.0675 on Tuesday, a region where the interim 55-day SMA also sits.

In case bulls push harder, the pair should meet the next hurdle at the monthly high of 1.0694 (October 24), which comes just ahead of the round level of 1.0700 and prior to the weekly peaks of 1.0736 (September 20) and 1.0767 (September 12).

In the meantime, while below the 200-day SMA at 1.0809, the pair’s outlook should remain negative.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0613
Today Daily Change	84
Today Daily Change %	-0.02
Today daily open	1.0615

Trends
Daily SMA20	1.0568
Daily SMA50	1.0654
Daily SMA100	1.0817
Daily SMA200	1.0812

Levels
Previous Daily High	1.0625
Previous Daily Low	1.0547
Previous Weekly High	1.0695
Previous Weekly Low	1.0522
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0595
Daily Fibonacci 61.8%	1.0577
Daily Pivot Point S1	1.0567
Daily Pivot Point S2	1.0518
Daily Pivot Point S3	1.0489
Daily Pivot Point R1	1.0644
Daily Pivot Point R2	1.0674
Daily Pivot Point R3	1.0722

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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