EUR/USD Price Analysis: Immediately to the upside comes in 1.1916

EUR/USD picks up pace after once again testing the 1.17 region.
Further north emerges the 2020 peak near 1.1920 (August 6).

Pablo Piovano FXStreet

EUR/USD has once again met contention in the 1.17 region, allowing bulls to return to the market and push the pair to the 1.1780 zone on Wednesday.

Against this, a sustainable breakout of the 1.18 yardstick carries the potential to extends the bullish impetus further and attempt another visit to the so far 2020 highs near 1.1920.

Looking at the broader picture, while above the critical 200-day SMA, today at 1.1113, the positive stance in EUR/USD should remain unaltered.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1775
Today Daily Change	68
Today Daily Change %	0.30
Today daily open	1.174

Trends
Daily SMA20	1.1674
Daily SMA50	1.1437
Daily SMA100	1.1175
Daily SMA200	1.1112

Levels
Previous Daily High	1.1808
Previous Daily Low	1.1722
Previous Weekly High	1.1916
Previous Weekly Low	1.1696
Previous Monthly High	1.1909
Previous Monthly Low	1.1185
Daily Fibonacci 38.2%	1.1775
Daily Fibonacci 61.8%	1.1755
Daily Pivot Point S1	1.1706
Daily Pivot Point S2	1.1671
Daily Pivot Point S3	1.162
Daily Pivot Point R1	1.1791
Daily Pivot Point R2	1.1842
Daily Pivot Point R3	1.1877

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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