EUR/USD Price Analysis: Next on the upside aligns the 200-day SMA

EUR/USD adds to recent gains and surpasses 1.1950.
Further up is located the 200-day SMA and the 1.2000 mark.

Pablo Piovano FXStreet

The weekly upside in EUR/USD faces a tough hurdle in the 1.1970/80 band. In this area converge recent peaks and a Fibo level (of the November-January rally).

If the recovery gathers extra steam, then there is room for spot to challenge the 200-day SMA, today at 1.1994 ahead of the psychological 1.2000 hurdle.

The outlook for EUR/USD should shift to negative on a sustainable breakdown of the key 200-day SMA. Next weeks are expected to be crucial regarding this issue.

EURUSD daily chart

EUR/USD

Overview
Today last price	1.195
Today Daily Change	39
Today Daily Change %	0.15
Today daily open	1.1932

Trends
Daily SMA20	1.2086
Daily SMA50	1.2097
Daily SMA100	1.203
Daily SMA200	1.1997

Levels
Previous Daily High	1.1956
Previous Daily Low	1.1918
Previous Weekly High	1.2147
Previous Weekly Low	1.1847
Previous Monthly High	1.2266
Previous Monthly Low	1.1986
Daily Fibonacci 38.2%	1.1941
Daily Fibonacci 61.8%	1.1932
Daily Pivot Point S1	1.1914
Daily Pivot Point S2	1.1897
Daily Pivot Point S3	1.1876
Daily Pivot Point R1	1.1953
Daily Pivot Point R2	1.1974
Daily Pivot Point R3	1.1992

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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