EUR/USD Price Analysis: Gaining momentum above 1.0700

EUR/USD surpasses the 1.0700 hurdle and reaches 4-week highs.
Immediately to the upside now comes the 55-day SMA.

Pablo Piovano FXStreet

EUR/USD sees its upside accelerate above the 1.0700 yardstick on turnaround Tuesday.

Considering the pair’s ongoing price action, the continuation of the recovery appears likely in the very near term at least. That said, the next up barrier now appears at the 55-day SMA, today at 1.0785 before the 3-month resistance line around 1.0840.

The breakout of this area should mitigate the selling pressure and allow for a probable move to the weekly high at 1.0936 (April 21).

The daily RSI around 55 also indicates that extra upside could still be in store for the pair until it reaches the overbought territory (>70).

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0701
Today Daily Change	76
Today Daily Change %	0.10
Today daily open	1.069

Trends
Daily SMA20	1.0534
Daily SMA50	1.0774
Daily SMA100	1.1019
Daily SMA200	1.1279

Levels
Previous Daily High	1.0698
Previous Daily Low	1.0552
Previous Weekly High	1.0607
Previous Weekly Low	1.0389
Previous Monthly High	1.1076
Previous Monthly Low	1.0471
Daily Fibonacci 38.2%	1.0642
Daily Fibonacci 61.8%	1.0608
Daily Pivot Point S1	1.0596
Daily Pivot Point S2	1.0502
Daily Pivot Point S3	1.0451
Daily Pivot Point R1	1.0741
Daily Pivot Point R2	1.0792
Daily Pivot Point R3	1.0886

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.