EUR/USD Price Analysis: Rising odds for a move above 1.19

EUR/USD stays firm and advances further north of 1.1800.
The continuation of the trend should see the 2020 high re-tested.

Pablo Piovano FXStreet

EUR/USD is prolonging the upside momentum and looks to consolidate the recent breakout of the key hurdle at 1.18 the figure.

Against this, the bullish impetus is expected to gather traction and a leg higher to 1.19 and beyond should not be surprising in the short-term horizon.

Looking at the broader picture, while above the critical 200-day SMA, today at 1.1117, the positive stance in EUR/USD should remain unaltered.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1843
Today Daily Change	76
Today Daily Change %	0.50
Today daily open	1.1784

Trends
Daily SMA20	1.1692
Daily SMA50	1.1448
Daily SMA100	1.1184
Daily SMA200	1.1116

Levels
Previous Daily High	1.1816
Previous Daily Low	1.1711
Previous Weekly High	1.1916
Previous Weekly Low	1.1696
Previous Monthly High	1.1909
Previous Monthly Low	1.1185
Daily Fibonacci 38.2%	1.1776
Daily Fibonacci 61.8%	1.1751
Daily Pivot Point S1	1.1725
Daily Pivot Point S2	1.1665
Daily Pivot Point S3	1.1619
Daily Pivot Point R1	1.183
Daily Pivot Point R2	1.1876
Daily Pivot Point R3	1.1935

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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