EUR/USD Price Analysis: Upside now targets the 200-day SMA

EUR/USD has cleared the short-term resistance line near 1.0900.
The next key target aligns at the 200-day SMA in the 1.1015/20 band.

Pablo Piovano FXStreet

EUR/USD has managed to regain solid upside traction, quickly leaving behind the 1.0900 mark amidst the improved sentiment in the risk universe.

After breaking above the consolidative theme around 1.0800, the pair has now opened the door to a potential test of the key barrier at 1.1000 the figure and beyond.

That said, a break above 1.1000 should allow for the continuation of the move to the 1.1015/20 band, where coincide the monthly high and the 200-day SMA.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0953
Today Daily Change	54
Today Daily Change %	0.35
Today daily open	1.0915

Trends
Daily SMA20	1.0849
Daily SMA50	1.0907
Daily SMA100	1.0976
Daily SMA200	1.1019

Levels
Previous Daily High	1.0927
Previous Daily Low	1.08
Previous Weekly High	1.0897
Previous Weekly Low	1.0775
Previous Monthly High	1.1039
Previous Monthly Low	1.0727
Daily Fibonacci 38.2%	1.0879
Daily Fibonacci 61.8%	1.0849
Daily Pivot Point S1	1.0834
Daily Pivot Point S2	1.0753
Daily Pivot Point S3	1.0707
Daily Pivot Point R1	1.0962
Daily Pivot Point R2	1.1008
Daily Pivot Point R3	1.1089

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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