EUR/USD Price Analysis: Next on the upside comes 1.1374

EUR/USD rebounds further and approaches 1.1300 .
The next target of now for bulls emerges at 1.1374.

Pablo Piovano FXStreet

EUR/USD adds to the recovery witnessed in the second half of the week and looks to reclaim the 1.1300 barrier.

If 1.1300 is cleared, ideally in the short term, then the focus of attention is forecast to shift to 1.1374 (high November 18) before the 20-day SMA at 11415 and the weekly peak at 1.1464 (November 15).

The probability of further losses remains unchanged as long as EUR/USD trades below the 2-month resistance line (off September’s peak) near 1.1570. In the longer run, the offered stance in spot is expected to persist while below the 200-day SMA at 1.1836.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.128
Today Daily Change	91
Today Daily Change %	0.64
Today daily open	1.1208

Trends
Daily SMA20	1.1429
Daily SMA50	1.155
Daily SMA100	1.1674
Daily SMA200	1.1842

Levels
Previous Daily High	1.123
Previous Daily Low	1.1198
Previous Weekly High	1.1464
Previous Weekly Low	1.125
Previous Monthly High	1.1692
Previous Monthly Low	1.1524
Daily Fibonacci 38.2%	1.1218
Daily Fibonacci 61.8%	1.121
Daily Pivot Point S1	1.1194
Daily Pivot Point S2	1.118
Daily Pivot Point S3	1.1162
Daily Pivot Point R1	1.1226
Daily Pivot Point R2	1.1244
Daily Pivot Point R3	1.1258

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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