EUR/USD Price Analysis: Up up up it goes

EUR/USD pushes higher and quickly surpasses the 1.21 mark.
Immediate, interim hurdles are located at 1.2413 and 1.2476.

Pablo Piovano FXStreet

EUR/USD remains bid and extends the rally further north of the 1.21 yardstick on Thursday, levels last traded back in April 2018.

The positive stance in EUR/USD remains unchanged and allows for the continuation of the uptrend in the near-term at least. That said, next on the upside come in 1.2413 (April 2018 high) ahead of 1.2476 (March 2018 high). Further north emerges the more relevant barrier at the 2018 high in the mid-1.2500s.

Looking at the broader scenario, extra gains in EUR/USD are likely while above the critical 200-day SMA, today at 1.1426. The 200-week SMA at 1.1437 also reinforces this view.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2135
Today Daily Change	45
Today Daily Change %	0.27
Today daily open	1.2102

Trends
Daily SMA20	1.1884
Daily SMA50	1.1801
Daily SMA100	1.1788
Daily SMA200	1.1423

Levels
Previous Daily High	1.2108
Previous Daily Low	1.204
Previous Weekly High	1.1963
Previous Weekly Low	1.18
Previous Monthly High	1.2003
Previous Monthly Low	1.1603
Daily Fibonacci 38.2%	1.2082
Daily Fibonacci 61.8%	1.2066
Daily Pivot Point S1	1.2058
Daily Pivot Point S2	1.2015
Daily Pivot Point S3	1.199
Daily Pivot Point R1	1.2127
Daily Pivot Point R2	1.2152
Daily Pivot Point R3	1.2195

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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