EUR/USD Price Analysis: Upside still looks to 1.2250

EUR/USD looks volatile and stays capped by the 1.2240 region so far.
Focus now is on recent tops around 1.2250 (May 19).

Pablo Piovano FXStreet

EUR/USD charts an inconclusive session so far, although it manages well to keep business above 1.2200 the figure on Friday.

In the meantime, the buying bias remains well and sound for the time being. Against this backdrop, a surpass of the 1.2250 region should allow for a probable assault to the YTD peaks in the 1.2350 area (January 6).

The constructive stance on EUR/USD is forecast to remain intact as long as the pair trades above the 200-day SMA, today at 1.1962.

Of note, however, is that the daily RSI did not confirm the recent peaks, which is indicative that a deeper move could be in the offing in the short-term.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2219
Today Daily Change	30
Today Daily Change %	-0.07
Today daily open	1.2228

Trends
Daily SMA20	1.2111
Daily SMA50	1.198
Daily SMA100	1.2043
Daily SMA200	1.1966

Levels
Previous Daily High	1.2229
Previous Daily Low	1.2169
Previous Weekly High	1.2182
Previous Weekly Low	1.2052
Previous Monthly High	1.215
Previous Monthly Low	1.1713
Daily Fibonacci 38.2%	1.2206
Daily Fibonacci 61.8%	1.2192
Daily Pivot Point S1	1.2188
Daily Pivot Point S2	1.2149
Daily Pivot Point S3	1.2128
Daily Pivot Point R1	1.2248
Daily Pivot Point R2	1.2269
Daily Pivot Point R3	1.2308

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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