EUR/USD Price Analysis: Next on the upside comes 1.0300

EUR/USD resumes the upside and advances above 1.0200.
The next target emerges at the August top near 1.0300.

Pablo Piovano FXStreet

EUR/USD regains buying interest and reclaims part of the ground lost following Tuesday’s sell-off to the 1.0160 zone.

The continuation of the recovery is predicted to target the August high at 1.0293 (August 2). Above the latter spot could accelerate its losses to the next hurdle at the 55-day SMA, today at 1.0417.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0941.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0194
Today Daily Change	60
Today Daily Change %	0.28
Today daily open	1.0166

Trends
Daily SMA20	1.0158
Daily SMA50	1.0407
Daily SMA100	1.0588
Daily SMA200	1.095

Levels
Previous Daily High	1.0294
Previous Daily Low	1.0164
Previous Weekly High	1.0258
Previous Weekly Low	1.0097
Previous Monthly High	1.0486
Previous Monthly Low	0.9952
Daily Fibonacci 38.2%	1.0213
Daily Fibonacci 61.8%	1.0244
Daily Pivot Point S1	1.0122
Daily Pivot Point S2	1.0077
Daily Pivot Point S3	0.9991
Daily Pivot Point R1	1.0252
Daily Pivot Point R2	1.0338
Daily Pivot Point R3	1.0383

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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