EUR/USD Price Analysis: Initial target is now 1.1370

EUR/USD left behind the initial pessimism and is now testing 1.13.
Further north is located the weekly top around 1.1370.

Pablo Piovano FXStreet

EUR/USD tested multi-day lows near 1.1250 before regaining poise and is currently flirting with the 1.13 mark once again.

The continuation of the bounce initially targets weekly tops around 1.1370 ahead of June’s high at 1.1422.

Further out, as long as the 200-day SMA, today at 1.1047, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.13
Today Daily Change	46
Today Daily Change %	0.13
Today daily open	1.1285

Trends
Daily SMA20	1.1257
Daily SMA50	1.1113
Daily SMA100	1.1037
Daily SMA200	1.1049

Levels
Previous Daily High	1.1371
Previous Daily Low	1.128
Previous Weekly High	1.1303
Previous Weekly Low	1.1185
Previous Monthly High	1.1422
Previous Monthly Low	1.1097
Daily Fibonacci 38.2%	1.1315
Daily Fibonacci 61.8%	1.1336
Daily Pivot Point S1	1.1253
Daily Pivot Point S2	1.1222
Daily Pivot Point S3	1.1163
Daily Pivot Point R1	1.1344
Daily Pivot Point R2	1.1402
Daily Pivot Point R3	1.1434

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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