EUR/USD Price Analysis: Room for a move to the YTD peak near 1.1100

EUR/USD recedes from earlier monthly highs past 1.1000.
Extra gains could revisit the 20223 high around 1.1100.

Pablo Piovano FXStreet

EUR/USD comes under selling pressure soon after hitting fresh monthly tops north of 1.1000 the figure on Thursday.

In the meantime, the pair’s outlook remains constructive for the time being. Against that, a rapid breakout of the June high at 1.1012 (June 22) carries the potential to spark a challenge of the YTD peak at 1.1095 (April 26) just ahead of the round level at 1.1100.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0559.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.097
Today Daily Change	44
Today Daily Change %	-0.15
Today daily open	1.0986

Trends
Daily SMA20	1.0789
Daily SMA50	1.088
Daily SMA100	1.0808
Daily SMA200	1.0556

Levels
Previous Daily High	1.0991
Previous Daily Low	1.0906
Previous Weekly High	1.0971
Previous Weekly Low	1.0733
Previous Monthly High	1.1092
Previous Monthly Low	1.0635
Daily Fibonacci 38.2%	1.0958
Daily Fibonacci 61.8%	1.0938
Daily Pivot Point S1	1.0931
Daily Pivot Point S2	1.0876
Daily Pivot Point S3	1.0846
Daily Pivot Point R1	1.1016
Daily Pivot Point R2	1.1046
Daily Pivot Point R3	1.1102

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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