EUR/USD Price Analysis: Interim hurdle arises at 1.1760

EUR/USD resumes the upside and flirts with the 1.1700 mark.
The next resistance of note emerges at the 55-day SMA near 1.1760.

Pablo Piovano FXStreet

Buyers appear to have regained the upper hand and push EUR/USD back to the 1.1700 zone on Tuesday, recording at the same time new multi-day highs.

Extra gains are seen on a serious breakout of the 1.1700 area (previous key support area). Against this, the 55-day SMA at 1.1760 now emerges as the next interim barrier. Further north, there are no levels of note until 1.1917 (September 10 high).

Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1240.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1698
Today Daily Change	54
Today Daily Change %	0.29
Today daily open	1.1664

Trends
Daily SMA20	1.1792
Daily SMA50	1.179
Daily SMA100	1.1488
Daily SMA200	1.1239

Levels
Previous Daily High	1.168
Previous Daily Low	1.1615
Previous Weekly High	1.1872
Previous Weekly Low	1.1612
Previous Monthly High	1.1966
Previous Monthly Low	1.1696
Daily Fibonacci 38.2%	1.1655
Daily Fibonacci 61.8%	1.164
Daily Pivot Point S1	1.1626
Daily Pivot Point S2	1.1588
Daily Pivot Point S3	1.1561
Daily Pivot Point R1	1.1691
Daily Pivot Point R2	1.1718
Daily Pivot Point R3	1.1756

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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