EUR/USD Price Analysis: Room for a move to 1.1975

EUR/USD records new tops beyond 1.1900 on Friday.
Further upside is seen re-testing peaks around 1.1975.

Pablo Piovano FXStreet

EUR/USD finally surpasses the 1.1900 hurdle and clinches new highs at the end of the week.

The continuation of the upside could now extend to the late June peaks around 1.1975 ahead of the psychological 1.2000 barrier, where also sits the critical 200-day SMA.

Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1899
Today Daily Change	33
Today Daily Change %	0.10
Today daily open	1.1887

Trends
Daily SMA20	1.1821
Daily SMA50	1.1973
Daily SMA100	1.1974
Daily SMA200	1.2008

Levels
Previous Daily High	1.1893
Previous Daily Low	1.1841
Previous Weekly High	1.183
Previous Weekly Low	1.1752
Previous Monthly High	1.2254
Previous Monthly Low	1.1845
Daily Fibonacci 38.2%	1.1873
Daily Fibonacci 61.8%	1.1861
Daily Pivot Point S1	1.1854
Daily Pivot Point S2	1.1821
Daily Pivot Point S3	1.1802
Daily Pivot Point R1	1.1906
Daily Pivot Point R2	1.1926
Daily Pivot Point R3	1.1958

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.