EUR/USD Price Analysis: Next target on the upside is the 1.0990 region

EUR/USD extends the bounce to the vicinity of the 1.0900 mark.
Next on the upside emerge January lows and the 10-day SMA at 1.1016.

Pablo Piovano FXStreet

EUR/USD is prolonging the recovery sustained by the renewed offered bias in the greenback.

Further upside thus remains well on the cards, with the immediate target emerging in the 1.0990 zone, where is located the January low.

If the buying pressure accelerates its pace, the 55-day SMA, today at 1.1016, should return to the investors’ radar.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0853
Today Daily Change	163
Today Daily Change %	1.17
Today daily open	1.0727

Trends
Daily SMA20	1.1064
Daily SMA50	1.1013
Daily SMA100	1.1053
Daily SMA200	1.1088

Levels
Previous Daily High	1.0828
Previous Daily Low	1.0636
Previous Weekly High	1.1237
Previous Weekly Low	1.0638
Previous Monthly High	1.1089
Previous Monthly Low	1.0778
Daily Fibonacci 38.2%	1.0755
Daily Fibonacci 61.8%	1.0709
Daily Pivot Point S1	1.0633
Daily Pivot Point S2	1.0539
Daily Pivot Point S3	1.0442
Daily Pivot Point R1	1.0825
Daily Pivot Point R2	1.0922
Daily Pivot Point R3	1.1016

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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