EUR/USD Price Analysis: There is a minor hurdle at 1.1100

EUR/USD advances further and records a new 2023 high.
Euro extra upside could retest the round level at 1.1100 next.

Pablo Piovano FXStreet

EUR/USD keeps the bullish bias well in place and climbs to the 1.1040/50 on Thursday, or new year-to-date peaks.

The likelihood of extra advances appears favoured for the time being. Against that, the immediate target now appears at the round level at 1.1100 seconded by 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 1.0364.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.102
Today Daily Change	67
Today Daily Change %	0.25
Today daily open	1.0992

Trends
Daily SMA20	1.0839
Daily SMA50	1.0736
Daily SMA100	1.0698
Daily SMA200	1.0362

Levels
Previous Daily High	1.1
Previous Daily Low	1.0911
Previous Weekly High	1.0973
Previous Weekly Low	1.0788
Previous Monthly High	1.093
Previous Monthly Low	1.0516
Daily Fibonacci 38.2%	1.0966
Daily Fibonacci 61.8%	1.0945
Daily Pivot Point S1	1.0935
Daily Pivot Point S2	1.0878
Daily Pivot Point S3	1.0845
Daily Pivot Point R1	1.1025
Daily Pivot Point R2	1.1057
Daily Pivot Point R3	1.1114

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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