EUR/USD Price Analysis: Next on the upside comes 1.0614

EUR/USD extends the upside momentum above 1.0500.
The June high past 1.0600 now emerges as the next target.

Pablo Piovano FXStreet

EUR/USD trades on a firm foot and manages to surpass the 1.0500 barrier to clinch fresh multi-month tops on Thursday.

Gains in the pair are now likely to pick up pace following the breakout of the 200-day SMA and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).

Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0369.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0505
Today Daily Change	121
Today Daily Change %	0.94
Today daily open	1.0407

Trends
Daily SMA20	1.0249
Daily SMA50	0.9989
Daily SMA100	1.004
Daily SMA200	1.0374

Levels
Previous Daily High	1.0429
Previous Daily Low	1.029
Previous Weekly High	1.0449
Previous Weekly Low	1.0223
Previous Monthly High	1.0497
Previous Monthly Low	0.973
Daily Fibonacci 38.2%	1.0376
Daily Fibonacci 61.8%	1.0343
Daily Pivot Point S1	1.0322
Daily Pivot Point S2	1.0237
Daily Pivot Point S3	1.0184
Daily Pivot Point R1	1.0461
Daily Pivot Point R2	1.0514
Daily Pivot Point R3	1.0599

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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