EUR/USD Price Analysis: Interim hurdle emerges at 1.1880

EUR/USD resumes the downside after bottoming out near 1.1790.
The monthly peaks around 1.1880 offers an initial test for EUR-bulls.

Pablo Piovano FXStreet

It seems the upside momentum in EUR/USD has returned to the markets after Thursday’s negative price action.

EUR-bulls now face the immediate resistance at the monthly top around 1.1880 (October 21). Further north, the 1.1920 level (high September 10) should return to the investors’ radar ahead of the August top at 1.1965. Another visit to the 2020 high beyond the key 1.20 the figure in the immediate term is not favoured for the time being.

Looking at the broader scenario, the positive view on EUR/USD is predicted to remain unaltered above the critical 200-day SMA, today at 1.1297.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1846
Today Daily Change	67
Today Daily Change %	0.24
Today daily open	1.1818

Trends
Daily SMA20	1.1755
Daily SMA50	1.1798
Daily SMA100	1.1627
Daily SMA200	1.1295

Levels
Previous Daily High	1.1867
Previous Daily Low	1.1811
Previous Weekly High	1.1827
Previous Weekly Low	1.1688
Previous Monthly High	1.2011
Previous Monthly Low	1.1612
Daily Fibonacci 38.2%	1.1833
Daily Fibonacci 61.8%	1.1846
Daily Pivot Point S1	1.1797
Daily Pivot Point S2	1.1777
Daily Pivot Point S3	1.1742
Daily Pivot Point R1	1.1853
Daily Pivot Point R2	1.1888
Daily Pivot Point R3	1.1909

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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