EUR/USD Price Analysis: The hunt for the 1.1150 zone

EUR/USD rebounds sharply and reclaims the area above 1.1000.
Next on the upside comes the weekly top around 1.1150.

Pablo Piovano FXStreet

EUR/USD adds to Thursday’s advance and climbs to four-day highs north of the key 1.1000 barrier on Friday.

Further gains in the pair should meet the next hurdle at the weekly peak of 1.1149 (July 27). The surpass of this level should alleviate the downside pressure and allow for a potential move to the 2023 high at 1.1275 (July 18).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0743.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1021
Today Daily Change	90
Today Daily Change %	0.66
Today daily open	1.0949

Trends
Daily SMA20	1.1077
Daily SMA50	1.0931
Daily SMA100	1.0917
Daily SMA200	1.0739

Levels
Previous Daily High	1.0963
Previous Daily Low	1.0912
Previous Weekly High	1.115
Previous Weekly Low	1.0944
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0944
Daily Fibonacci 61.8%	1.0932
Daily Pivot Point S1	1.092
Daily Pivot Point S2	1.0891
Daily Pivot Point S3	1.0869
Daily Pivot Point R1	1.097
Daily Pivot Point R2	1.0992
Daily Pivot Point R3	1.1021

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 looks weak below 1.1800

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