EUR/USD Price Analysis: Immediately to the upside is located 1.1800

EUR/USD now moves within a tight trading range below 1.1800.
A move past 1.1800 could expose a visit to 1.1900.

Pablo Piovano FXStreet

EUR/USD fades Thursday’s pullback and resumes the upside, although gains still remain limited around the 1.1780 region.

The pair needs to surpass recent tops in the 1.1770/80 band to allow for another visit to last week’s tops in the 1.1800 neighbourhood. Further up comes in the July/August peaks around 1.1900, although a move to this area is not favoured in the very near term at least.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1765
Today Daily Change	29
Today Daily Change %	0.11
Today daily open	1.1752

Trends
Daily SMA20	1.1768
Daily SMA50	1.1817
Daily SMA100	1.1958
Daily SMA200	1.2006

Levels
Previous Daily High	1.1779
Previous Daily Low	1.1746
Previous Weekly High	1.1801
Previous Weekly Low	1.1664
Previous Monthly High	1.1909
Previous Monthly Low	1.1752
Daily Fibonacci 38.2%	1.1759
Daily Fibonacci 61.8%	1.1766
Daily Pivot Point S1	1.1739
Daily Pivot Point S2	1.1726
Daily Pivot Point S3	1.1706
Daily Pivot Point R1	1.1772
Daily Pivot Point R2	1.1792
Daily Pivot Point R3	1.1805

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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