EUR/USD Price Analysis: Recovery targets 1.1000 and above


  • EUR/USD leaves behind two sessions in a row with losses on Tuesday.
  • Extra gains are expected to retarget the key 1.1000 mark in the near term.

EUR/USD manages to regain upside traction and approaches the key 1.1000 region on turnaround Tuesday.

If the rebound gathers extra impulse, then the pair could embark on a potential test of the 1.1000 mark ahead of the 2023 high at 1.1075 (April 14).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0377

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.0978
Today Daily Change 62
Today Daily Change % 0.49
Today daily open 1.0925
 
Trends
Daily SMA20 1.0888
Daily SMA50 1.0747
Daily SMA100 1.0716
Daily SMA200 1.0375
 
Levels
Previous Daily High 1.1
Previous Daily Low 1.0909
Previous Weekly High 1.1076
Previous Weekly Low 1.0837
Previous Monthly High 1.093
Previous Monthly Low 1.0516
Daily Fibonacci 38.2% 1.0944
Daily Fibonacci 61.8% 1.0965
Daily Pivot Point S1 1.089
Daily Pivot Point S2 1.0854
Daily Pivot Point S3 1.0799
Daily Pivot Point R1 1.098
Daily Pivot Point R2 1.1035
Daily Pivot Point R3 1.1071

 

 

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