EUR/USD Price Analysis: Next up barrier of note comes at the 2023 high

EUR/USD fades the earlier bull run to new tops near 1.0940.
Bulls now shift their attention to the YTD peak near 1.1030.

Pablo Piovano FXStreet

EUR/USD climbs to new multi-week highs near 1.0940 and deflates afterwards following a late bounce in the dollar.

The likelihood of extra advances appears favoured for the time being. Against that, the pair needs to clear the April high at 1.0938 (April 4) prior to a potential test of the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0343.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0893
Today Daily Change	56
Today Daily Change %	-0.04
Today daily open	1.0897

Trends
Daily SMA20	1.0735
Daily SMA50	1.0732
Daily SMA100	1.0657
Daily SMA200	1.0343

Levels
Previous Daily High	1.0917
Previous Daily Low	1.0788
Previous Weekly High	1.0926
Previous Weekly Low	1.0745
Previous Monthly High	1.093
Previous Monthly Low	1.0516
Daily Fibonacci 38.2%	1.0868
Daily Fibonacci 61.8%	1.0837
Daily Pivot Point S1	1.0818
Daily Pivot Point S2	1.0739
Daily Pivot Point S3	1.0689
Daily Pivot Point R1	1.0946
Daily Pivot Point R2	1.0996
Daily Pivot Point R3	1.1075

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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