EUR/USD Price Analysis: The 1.1200 barrier is just around the corner

EUR/USD prints new 2023 peaks around 1.1190.
Immediately to the upside emerges the 1.1200 barrier.

Pablo Piovano FXStreet

EUR/USD extends the monthly bullish performance and approaches the 1.1200 hurdle for the first time since February 2022.

The continuation of the upside momentum is expected to revisit the round level at 1.1200 in the very near term. Once this level is cleared, a probable visit to the 2022 high at 1.1495 (February 10) could start emerging on the horizon.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0643.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1183
Today Daily Change	63
Today Daily Change %	0.47
Today daily open	1.1131

Trends
Daily SMA20	1.0938
Daily SMA50	1.0861
Daily SMA100	1.0841
Daily SMA200	1.0638

Levels
Previous Daily High	1.114
Previous Daily Low	1.1005
Previous Weekly High	1.0973
Previous Weekly Low	1.0834
Previous Monthly High	1.1012
Previous Monthly Low	1.0662
Daily Fibonacci 38.2%	1.1089
Daily Fibonacci 61.8%	1.1057
Daily Pivot Point S1	1.1044
Daily Pivot Point S2	1.0956
Daily Pivot Point S3	1.0908
Daily Pivot Point R1	1.1179
Daily Pivot Point R2	1.1228
Daily Pivot Point R3	1.1315

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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