EUR/USD Price Analysis: Recovery now targets the 1.1000 barrier

EUR/USD adds to Monday’s advance and flirts with 1.0900.
If the rebound picks up pace, the pair should retarget the 1.1000 mark.

Pablo Piovano FXStreet

EUR/USD manages to grab extra impulse and trades closer to the key barrier at 1.0900 on Tuesday.

The surpass of the 1.0900 region in a convincing fashion should prompt the pair to embark on a potential visit to the psychological 1.1000 hurdle. Further upside could see the 2023 peak at 1.1095 (April 26) revisited in the not-so-distant future.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0457.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0887
Today Daily Change	44
Today Daily Change %	0.12
Today daily open	1.0874

Trends
Daily SMA20	1.0983
Daily SMA50	1.0875
Daily SMA100	1.0801
Daily SMA200	1.0456

Levels
Previous Daily High	1.0891
Previous Daily Low	1.0845
Previous Weekly High	1.1054
Previous Weekly Low	1.0848
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.0873
Daily Fibonacci 61.8%	1.0863
Daily Pivot Point S1	1.085
Daily Pivot Point S2	1.0825
Daily Pivot Point S3	1.0804
Daily Pivot Point R1	1.0895
Daily Pivot Point R2	1.0916
Daily Pivot Point R3	1.0941

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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