EUR/USD Technical Analysis: The pair could extend the upside to 100-day SMA at 1.1345

EUR/USD is moving higher after breaking above the 1.1300 handle, always on the back of a softer greenback.
The continuation of the upside mood should pave the way for a test of the critical 200-week SMA near 1.1340 ahead of the 100-day SMA at 1.1345.
Despite the ongoing recovery, the pair’s bearish outlook remains unchanged while the +6-month resistance line, today at 1.1395, caps the upside. In this scenario, another test of 2019 lows in the 1.1180/70 band stays on the cards for the time being.

Pablo Piovano FXStreet

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1319
Today Daily Change	0.0019
Today Daily Change %	22
Today daily open	1.13

Trends
Daily SMA20	1.1275
Daily SMA50	1.1305
Daily SMA100	1.1351
Daily SMA200	1.1449

Levels
Previous Daily High	1.1326
Previous Daily Low	1.1252
Previous Weekly High	1.1326
Previous Weekly Low	1.1213
Previous Monthly High	1.1448
Previous Monthly Low	1.1176
Daily Fibonacci 38.2%	1.1298
Daily Fibonacci 61.8%	1.1281
Daily Pivot Point S1	1.126
Daily Pivot Point S2	1.1219
Daily Pivot Point S3	1.1186
Daily Pivot Point R1	1.1334
Daily Pivot Point R2	1.1367
Daily Pivot Point R3	1.1408

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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