EUR/USD Price Analysis: Positive view remains unchanged

EUR/USD resumes the upside following Wednesday’s drop.
The 1.1980/90 band emerges as the next target of relevance.

Pablo Piovano FXStreet

The recovery in EUR/USD remains well and sound despite Wednesday’s small pullback and retracement from new 2-week highs above 1.1900.

Buyers seems in control of the market so far. A decisive breakout of the 200-day SMA in the 1.1880 area should open the door to further gains in the very near-term with the next target at the 1.1980/90 region. In this area converge the mid-March peaks, the 50-day SMA and a Fibo level (of the November-January rally).

Above the 200-day SMA (1.1882) the stance for EUR/USD is expected to shift to positive.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1885
Today Daily Change	34
Today Daily Change %	0.16
Today daily open	1.1866

Trends
Daily SMA20	1.1852
Daily SMA50	1.1978
Daily SMA100	1.2054
Daily SMA200	1.189

Levels
Previous Daily High	1.1915
Previous Daily Low	1.1861
Previous Weekly High	1.1794
Previous Weekly Low	1.1704
Previous Monthly High	1.2113
Previous Monthly Low	1.1704
Daily Fibonacci 38.2%	1.1882
Daily Fibonacci 61.8%	1.1894
Daily Pivot Point S1	1.1847
Daily Pivot Point S2	1.1827
Daily Pivot Point S3	1.1793
Daily Pivot Point R1	1.1901
Daily Pivot Point R2	1.1935
Daily Pivot Point R3	1.1955

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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