EUR/USD Price Analysis: Next on the upside comes the 1.0804 level

EUR/USD advances further and approaches 1.0800.
Immediately to the upside comes the weekly top at 1.0804.

Pablo Piovano FXStreet

EUR/USD climbs to 5-week tops in the 1.0785/90 band on Tuesday, extending the upside momentum for the fourth session in a row.

The continuation of the recovery could now see the weekly high at 1.0804 (February 14) revisited in the near term, while the surpass of this level should face the next obstacle not before the 2023 peak near 1.1030 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0327.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0772
Today Daily Change	85
Today Daily Change %	0.49
Today daily open	1.072

Trends
Daily SMA20	1.0626
Daily SMA50	1.0728
Daily SMA100	1.0577
Daily SMA200	1.0327

Levels
Previous Daily High	1.0731
Previous Daily Low	1.0631
Previous Weekly High	1.076
Previous Weekly Low	1.0516
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0693
Daily Fibonacci 61.8%	1.0669
Daily Pivot Point S1	1.0658
Daily Pivot Point S2	1.0595
Daily Pivot Point S3	1.0558
Daily Pivot Point R1	1.0757
Daily Pivot Point R2	1.0794
Daily Pivot Point R3	1.0857

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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