EUR/USD Price Analysis: The 1.1100 barrier is just around the corner

EUR/USD’s upside falters just ahead of 1.1100 once again.
A sustainable advance seems likely once 1.1100 is cleared.

Pablo Piovano FXStreet

EUR/USD keeps the march north well in place and always with the immediate target at the 1.1100 barrier so far on Thursday.

Further recovery appears on the table for the time being. The surpass of with the 2023 high at 1.1095 (April 26) should encourage the pair to rapidly leave behind the round level at 1.1100 before embarking on a potential visit to the weekly high at 1.1184 (March 21 2022)

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0429.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1067
Today Daily Change	55
Today Daily Change %	0.06
Today daily open	1.106

Trends
Daily SMA20	1.0979
Daily SMA50	1.0821
Daily SMA100	1.0774
Daily SMA200	1.0426

Levels
Previous Daily High	1.1092
Previous Daily Low	1.1
Previous Weekly High	1.1095
Previous Weekly Low	1.0962
Previous Monthly High	1.1095
Previous Monthly Low	1.0788
Daily Fibonacci 38.2%	1.1057
Daily Fibonacci 61.8%	1.1035
Daily Pivot Point S1	1.101
Daily Pivot Point S2	1.096
Daily Pivot Point S3	1.0919
Daily Pivot Point R1	1.1101
Daily Pivot Point R2	1.1142
Daily Pivot Point R3	1.1192

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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