EUR/USD Price Analysis: Next resistance comes at 1.0641

EUR/USD keeps pushing higher and retakes 1.0500 and above.
Immediately to the upside is now the weekly high at 1.0641.

Pablo Piovano FXStreet

EUR/USD picks up further pace and trespasses the key barrier at 1.0500 the figure on Tuesday.

Considering the pair’s ongoing price action, the continuation of the rebound appears likely in the very near term at least. Against that, the next hurdle emerges at the weekly high at 1.0641 (May 5) ahead of the temporary 55-day SMA, today at 1.0819.

Below the 3-month line around 1.0880, the pair is expected to remain under pressure and vulnerable to extra losses.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0533
Today Daily Change	127
Today Daily Change %	0.92
Today daily open	1.0437

Trends
Daily SMA20	1.059
Daily SMA50	1.0813
Daily SMA100	1.1056
Daily SMA200	1.1309

Levels
Previous Daily High	1.0443
Previous Daily Low	1.0389
Previous Weekly High	1.0592
Previous Weekly Low	1.035
Previous Monthly High	1.1076
Previous Monthly Low	1.0471
Daily Fibonacci 38.2%	1.0423
Daily Fibonacci 61.8%	1.041
Daily Pivot Point S1	1.0403
Daily Pivot Point S2	1.0369
Daily Pivot Point S3	1.0349
Daily Pivot Point R1	1.0457
Daily Pivot Point R2	1.0477
Daily Pivot Point R3	1.0511

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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