EUR/USD Price Analysis: Outlook keeps pointing to extra gains near term

EUR/USD clinches new YTD peak before sparking a corrective decline.
The continuation of the Euro uptrend could revisit the round level at 1.1100.

Pablo Piovano FXStreet

EUR/USD deflates from earlier 2023 highs around 1.1075 at the end of the week.

Despite the knee-jerk, the outlook for the Euro keeps favouring the continuation of the uptrend for the time being. Against that, the surpass of the YTD high at 1.1075 (April 14) could then dispute the round level at 1.1100 prior to the weekly high at 1.1184 (March 21 2022).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0368.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1035
Today Daily Change	57
Today Daily Change %	-0.11
Today daily open	1.1047

Trends
Daily SMA20	1.0861
Daily SMA50	1.0739
Daily SMA100	1.0704
Daily SMA200	1.0366

Levels
Previous Daily High	1.1068
Previous Daily Low	1.0977
Previous Weekly High	1.0973
Previous Weekly Low	1.0788
Previous Monthly High	1.093
Previous Monthly Low	1.0516
Daily Fibonacci 38.2%	1.1033
Daily Fibonacci 61.8%	1.1011
Daily Pivot Point S1	1.0993
Daily Pivot Point S2	1.0939
Daily Pivot Point S3	1.0902
Daily Pivot Point R1	1.1084
Daily Pivot Point R2	1.1121
Daily Pivot Point R3	1.1175

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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