EUR/USD Price Analysis: Next on the upside emerges the 2023 peak

EUR/USD leaves behind initial losses and approaches 1.1000.
Further gains are seen targeting the 2023 peak near 1.1070.

Pablo Piovano FXStreet

EUR/USD adds to Thursday’s advance and trades at shouting distance from the key 1.1000 mark.

Further consolidation should not be ruled out for the time being. The breakout of this theme exposes a probable move to 1.1000 ahead of the 2023 high at 1.1075 (April 14). On the downside, the 1.0900 zone emerges as quite a decent contention so far.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0391.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0988
Today Daily Change	56
Today Daily Change %	0.16
Today daily open	1.097

Trends
Daily SMA20	1.091
Daily SMA50	1.0761
Daily SMA100	1.0732
Daily SMA200	1.0389

Levels
Previous Daily High	1.099
Previous Daily Low	1.0934
Previous Weekly High	1.1076
Previous Weekly Low	1.0837
Previous Monthly High	1.093
Previous Monthly Low	1.0516
Daily Fibonacci 38.2%	1.0968
Daily Fibonacci 61.8%	1.0955
Daily Pivot Point S1	1.0939
Daily Pivot Point S2	1.0908
Daily Pivot Point S3	1.0883
Daily Pivot Point R1	1.0995
Daily Pivot Point R2	1.1021
Daily Pivot Point R3	1.1052

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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