EUR/USD Price Analysis: Recovery now targets 1.0930

EUR/USD extends the upside bias beyond 1.0800.
Further gains could see the monthly high near 1.0930 revisited.

Pablo Piovano FXStreet

EUR/USD adds to the promising start of the week and surpasses the key 1.0800 hurdle on Tuesday.

The continuation of the bullish move appears favoured for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) 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 1.0335.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0829
Today Daily Change	40
Today Daily Change %	0.29
Today daily open	1.0798

Trends
Daily SMA20	1.0676
Daily SMA50	1.0728
Daily SMA100	1.0623
Daily SMA200	1.0335

Levels
Previous Daily High	1.08
Previous Daily Low	1.0745
Previous Weekly High	1.093
Previous Weekly Low	1.0631
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0779
Daily Fibonacci 61.8%	1.0766
Daily Pivot Point S1	1.0762
Daily Pivot Point S2	1.0726
Daily Pivot Point S3	1.0706
Daily Pivot Point R1	1.0817
Daily Pivot Point R2	1.0836
Daily Pivot Point R3	1.0872

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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