EUR/USD Price Analysis: Topside continues to look at 1.0930

EUR/USD extends the 2-day rebound to the boundaries of 1.0900.
Further upside could see the 2023 high at 1.0929 revisited.

Pablo Piovano FXStreet

EUR/USD picks up extra upside traction and approaches once again the 1.0900 neighbourhood in pre-FOMC trading on Wednesday.

The continuation of the uptrend now needs to clear the 2023 high at 1.0929 (January 26) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0313.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0892
Today Daily Change	44
Today Daily Change %	0.18
Today daily open	1.0872

Trends
Daily SMA20	1.0795
Daily SMA50	1.0647
Daily SMA100	1.0293
Daily SMA200	1.0314

Levels
Previous Daily High	1.0875
Previous Daily Low	1.0802
Previous Weekly High	1.093
Previous Weekly Low	1.0835
Previous Monthly High	1.093
Previous Monthly Low	1.0483
Daily Fibonacci 38.2%	1.0847
Daily Fibonacci 61.8%	1.083
Daily Pivot Point S1	1.0824
Daily Pivot Point S2	1.0777
Daily Pivot Point S3	1.0752
Daily Pivot Point R1	1.0897
Daily Pivot Point R2	1.0923
Daily Pivot Point R3	1.097

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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