EUR/USD Price Analysis: The surpass of 1.0713 exposes 1.0736

EUR/USD adds to the upside momentum near 1.0700.
Extra gains initially target the weekly high at 1.0713.

Pablo Piovano FXStreet

EUR/USD picks up extra upside traction and flirts with the 1.0700 barrier at the beginning of the week.

If the recovery gathers extra steam, then the pair should challenge the weekly top at 1.0713 (December 30). Once cleared, the next hurdle of relevance is seen at the December 2022 peak at 1.0736 (December 15).

In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0310.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0684
Today Daily Change	63
Today Daily Change %	0.36
Today daily open	1.0646

Trends
Daily SMA20	1.0616
Daily SMA50	1.041
Daily SMA100	1.015
Daily SMA200	1.0314

Levels
Previous Daily High	1.0648
Previous Daily Low	1.0483
Previous Weekly High	1.071
Previous Weekly Low	1.0483
Previous Monthly High	1.0736
Previous Monthly Low	1.0393
Daily Fibonacci 38.2%	1.0585
Daily Fibonacci 61.8%	1.0546
Daily Pivot Point S1	1.0537
Daily Pivot Point S2	1.0427
Daily Pivot Point S3	1.0372
Daily Pivot Point R1	1.0702
Daily Pivot Point R2	1.0757
Daily Pivot Point R3	1.0867

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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