EUR/USD Price Analysis: The hunt for the 1.0600 region

EUR/USD rises to 2-day highs and revisits the 1.0550 zone.
Further upside is expected to meet the next barrier at 1.0614.

Pablo Piovano FXStreet

EUR/USD reverses the weekly leg lower and reclaims the 1.0500 barrier and above on Wednesday.

Further upside in the pair is now likely to pick up pace following the recent surpass of the 200-day Simple Moving Average (SMA) and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).

Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0355.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0543
Today Daily Change	106
Today Daily Change %	0.70
Today daily open	1.047

Trends
Daily SMA20	1.0359
Daily SMA50	1.0055
Daily SMA100	1.0056
Daily SMA200	1.0361

Levels
Previous Daily High	1.0533
Previous Daily Low	1.046
Previous Weekly High	1.0545
Previous Weekly Low	1.029
Previous Monthly High	1.0497
Previous Monthly Low	0.973
Daily Fibonacci 38.2%	1.0488
Daily Fibonacci 61.8%	1.0505
Daily Pivot Point S1	1.0442
Daily Pivot Point S2	1.0414
Daily Pivot Point S3	1.0368
Daily Pivot Point R1	1.0515
Daily Pivot Point R2	1.0561
Daily Pivot Point R3	1.0589

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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