EUR/USD Price Analysis: Upside could take a breather

EUR/USD struggles to advance further north of the 1.1150 area.
Further up aligns 1.1186 ahead of December’s top near 1.1240.

Pablo Piovano FXStreet

The sharp recovery in EUR/USD seems to have met some decent hurdle in the 1.1150/60 band so far.

If the pair manages to leave behind this area of resistance, ideally in the near-term, then the Fibo retracement at 1.1186 will be the next target ahead of the December’s 2019 peak at 1.1239.

While further gains are likely above the 200-day SMA, today at 1.1010, the proximity of overbought levels, as gauged by the RSI, carries the potential to spark a corrective downside.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1126
Today Daily Change	52
Today Daily Change %	0.26
Today daily open	1.1097

Trends
Daily SMA20	1.0902
Daily SMA50	1.0897
Daily SMA100	1.0959
Daily SMA200	1.1013

Levels
Previous Daily High	1.1145
Previous Daily Low	1.107
Previous Weekly High	1.1145
Previous Weekly Low	1.0871
Previous Monthly High	1.1145
Previous Monthly Low	1.0767
Daily Fibonacci 38.2%	1.1116
Daily Fibonacci 61.8%	1.1099
Daily Pivot Point S1	1.1063
Daily Pivot Point S2	1.1029
Daily Pivot Point S3	1.0988
Daily Pivot Point R1	1.1138
Daily Pivot Point R2	1.1179
Daily Pivot Point R3	1.1213

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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