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.

Pablo Piovano FXStreet

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

EUR/USD

Overview
Today last price	1.2127
Today Daily Change	39
Today Daily Change %	0.00
Today daily open	1.2127

Trends
Daily SMA20	1.1961
Daily SMA50	1.1957
Daily SMA100	1.2056
Daily SMA200	1.1938

Levels
Previous Daily High	1.2135
Previous Daily Low	1.2056
Previous Weekly High	1.21
Previous Weekly Low	1.1943
Previous Monthly High	1.2113
Previous Monthly Low	1.1704
Daily Fibonacci 38.2%	1.2105
Daily Fibonacci 61.8%	1.2086
Daily Pivot Point S1	1.2077
Daily Pivot Point S2	1.2028
Daily Pivot Point S3	1.1999
Daily Pivot Point R1	1.2156
Daily Pivot Point R2	1.2185
Daily Pivot Point R3	1.2234

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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