EUR/USD Price Analysis: Rebound is now seen testing 1.19 and above

EUR/USD has resumed the upside and flirts with 1.1800.
Further gains could now extend to the 2020 high beyond 1.19.

Pablo Piovano FXStreet

Following an ephemeral test of the sub-1.17 area on Monday, EUR/USD has now regained buying interest and clinched tops in the 1.18 neighbourhood, although losing some impetus soon afterwards.

The pair looks firmer and there is now room for another visit to the YTD peaks just above 1.19 mark ahead of the psychological yardstick at 1.2000.

Looking at the broader picture, as long as the 200-day SMA, today at 1.1093, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1788
Today Daily Change	54
Today Daily Change %	0.22
Today daily open	1.1762

Trends
Daily SMA20	1.153
Daily SMA50	1.135
Daily SMA100	1.1115
Daily SMA200	1.1092

Levels
Previous Daily High	1.1797
Previous Daily Low	1.1696
Previous Weekly High	1.1909
Previous Weekly Low	1.1642
Previous Monthly High	1.1909
Previous Monthly Low	1.1185
Daily Fibonacci 38.2%	1.1734
Daily Fibonacci 61.8%	1.1758
Daily Pivot Point S1	1.1706
Daily Pivot Point S2	1.1651
Daily Pivot Point S3	1.1605
Daily Pivot Point R1	1.1807
Daily Pivot Point R2	1.1853
Daily Pivot Point R3	1.1909

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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