EUR/USD Price Analysis: Upside still capped by 1.2000

EUR/USD resumes the upside and approaches (again) 1.2000.
Further north of 1.20 comes in the 100-day SMA around 1.2050.

Pablo Piovano FXStreet

EUR/USD reverses Thursday’s pullback and once again sets sails to the key barrier at 1.20 the figure.

The recovery from YTD lows near 1.1700 (March 31) remains well and sound so far, helped at the same time by the recent break above the 200-day SMA (1.1902).

A break above the 1.2000 hurdle should open the door to extra gains in the very near-term, with the immediate target at the 100-day SMA at 1.2050 ahead of a Fibo level at 1.2064.

Above the 200-day SMA (1.1902) the stance for EUR/USD is forecast to shift to positive.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1981
Today Daily Change	38
Today Daily Change %	0.12
Today daily open	1.1967

Trends
Daily SMA20	1.1849
Daily SMA50	1.1964
Daily SMA100	1.2058
Daily SMA200	1.191

Levels
Previous Daily High	1.1993
Previous Daily Low	1.1956
Previous Weekly High	1.1927
Previous Weekly Low	1.1738
Previous Monthly High	1.2113
Previous Monthly Low	1.1704
Daily Fibonacci 38.2%	1.197
Daily Fibonacci 61.8%	1.1979
Daily Pivot Point S1	1.1951
Daily Pivot Point S2	1.1935
Daily Pivot Point S3	1.1914
Daily Pivot Point R1	1.1988
Daily Pivot Point R2	1.2009
Daily Pivot Point R3	1.2025

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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