EUR/USD Price Analysis: Immediately to the upside comes 1.0874

EUR/USD rebounds from earlier lows near 1.0770 on Wednesday.
The next up barrier of note remains at the YTD high at 1.0874.

Pablo Piovano FXStreet

EUR/USD reverses three consecutive daily pullbacks and regains the 1.0800 hurdle and beyond midweek.

It seems the pair is moving within a range bound theme ahead of the potential resumption of the uptrend. Against that, the immediate resistance level comes at the so far YTD high at 1.0874 (January 16), which once cleared it could lead up to a probable visit to the round level at 1.0900 in the relatively short-term horizon.

Furthermore, while above the short-term support line near 1.0600, extra gains should remain in store.

In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0307.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0814
Today Daily Change	105
Today Daily Change %	0.19
Today daily open	1.0794

Trends
Daily SMA20	1.0678
Daily SMA50	1.0533
Daily SMA100	1.0206
Daily SMA200	1.031

Levels
Previous Daily High	1.0869
Previous Daily Low	1.0774
Previous Weekly High	1.0868
Previous Weekly Low	1.0639
Previous Monthly High	1.0736
Previous Monthly Low	1.0393
Daily Fibonacci 38.2%	1.0811
Daily Fibonacci 61.8%	1.0833
Daily Pivot Point S1	1.0756
Daily Pivot Point S2	1.0718
Daily Pivot Point S3	1.0661
Daily Pivot Point R1	1.0851
Daily Pivot Point R2	1.0908
Daily Pivot Point R3	1.0946

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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