EUR/USD Price Analysis: Upside capped by the parity zone so far

EUR/USD’s strong upside meets resistance around parity.
Sustained gains are likely once the parity level is cleared.

Pablo Piovano FXStreet

EUR/USD has so far met quite a solid hurdle in the proximity of the parity level on Wednesday.

Considering the recent strong rebound, further upside seems likely once the pair leaves behind the parity region on a sustainable fashion. Further up comes the interim hurdle at the 55-day SMA, today at 1.0030.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0632.

EUR/USD daily chart

EUR/USD

Overview
Today last price	0.9924
Today Daily Change	83
Today Daily Change %	-0.62
Today daily open	0.9986

Trends
Daily SMA20	0.9893
Daily SMA50	1.0021
Daily SMA100	1.0234
Daily SMA200	1.0641

Levels
Previous Daily High	1
Previous Daily Low	0.9806
Previous Weekly High	0.9854
Previous Weekly Low	0.9536
Previous Monthly High	1.0198
Previous Monthly Low	0.9536
Daily Fibonacci 38.2%	0.9926
Daily Fibonacci 61.8%	0.988
Daily Pivot Point S1	0.9862
Daily Pivot Point S2	0.9737
Daily Pivot Point S3	0.9668
Daily Pivot Point R1	1.0055
Daily Pivot Point R2	1.0124
Daily Pivot Point R3	1.0249

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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