EUR/USD Price Analysis: Next on the upside comes 1.0617

EUR/USD manages to gather some traction and trespasses 1.0500.
There is an initial resistance around 1.0620.

Pablo Piovano FXStreet

EUR/USD picks up pace and sets aside two consecutive daily retracements and reclaims the area beyond 1.0500 the figure on Wednesday.

Further gains should initially retarget the minor barrier at 1.0617 (September 29) ahead of the weekly peak of 1.0767 (September 12).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0825.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0525
Today Daily Change	81
Today Daily Change %	0.56
Today daily open	1.0466

Trends
Daily SMA20	1.0638
Daily SMA50	1.08
Daily SMA100	1.085
Daily SMA200	1.0827

Levels
Previous Daily High	1.0494
Previous Daily Low	1.0448
Previous Weekly High	1.0656
Previous Weekly Low	1.0488
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0466
Daily Fibonacci 61.8%	1.0476
Daily Pivot Point S1	1.0445
Daily Pivot Point S2	1.0424
Daily Pivot Point S3	1.04
Daily Pivot Point R1	1.0491
Daily Pivot Point R2	1.0515
Daily Pivot Point R3	1.0536

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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