EUR/USD Price Analysis: Room for extra gains near-term
- EUR/USD records new monthly peaks around 1.2150.
- There is a minor hurdle at the Fibo level at 1.2173.

EUR/USD extends the upside to new highs in the mid-1.2100s, area last visited in late February.
In the current bullish atmosphere, further upside remains in the pipeline for the time being. That said, there is a minor resistance at the Fibo level (of the November-January rally) at 1.2173. Further up comes in the February’s top at 1.2243.
Above the 200-day SMA (1.1933) the outlook for EUR/USD is seen bullish.
EUR/USD daily chart
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.


















