EUR/USD Price Analysis: Scope for further gains to 1.1350

EUR/USD is adding to Wednesday’s gains and approaches 1.1300.
Investors shifted their focus to the 1.1350 area, or recent tops.

Pablo Piovano FXStreet

Following another dip to the 1.1170 region, EUR/USD has regained buying interest and is now trading at shouting distance from the key barrier at 1.13 the figure.

Renewed risk-on sentiment now carries the potential to lift the pair to the initial test in the mid-1.1300s ahead of June’s peaks near 1.1420.

The 1.1170/65 band is seen as a relevant contention area, while on the broader scenario, the positive stance is seen unaltered while above the 200-day SMA at 1.1036.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1294
Today Daily Change	55
Today Daily Change %	0.38
Today daily open	1.1251

Trends
Daily SMA20	1.1269
Daily SMA50	1.1061
Daily SMA100	1.1009
Daily SMA200	1.1039

Levels
Previous Daily High	1.1275
Previous Daily Low	1.1185
Previous Weekly High	1.1348
Previous Weekly Low	1.1169
Previous Monthly High	1.1422
Previous Monthly Low	1.1097
Daily Fibonacci 38.2%	1.1241
Daily Fibonacci 61.8%	1.1219
Daily Pivot Point S1	1.1199
Daily Pivot Point S2	1.1147
Daily Pivot Point S3	1.1109
Daily Pivot Point R1	1.1289
Daily Pivot Point R2	1.1327
Daily Pivot Point R3	1.1379

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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