EURUSD Price Analysis: Further upside likely above parity

EURUSD picks up further pace and revisits the parity zone.
Extra strength could see the October peak near 1.0100 retested.

Pablo Piovano FXStreet

EURUSD gathers steam and briefly surpasses the parity zone, where some initial resistance seems to have turned up so far.

If the pair leaves behind the parity area on a sustainable fashion, it could then challenge the temporary hurdle at the 100-day SMA, today at 1.0045. The surpass of the latter exposes a move to the October peak at 1.0093 (October 27).

While above the 9-month resistance line, today near 0.9860, extra gains look likely.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0462.

EURUSD daily chart

EURUSD

Overview
Today last price	0.9981
Today Daily Change	107
Today Daily Change %	0.21
Today daily open	0.996

Trends
Daily SMA20	0.9844
Daily SMA50	0.9879
Daily SMA100	1.0053
Daily SMA200	1.047

Levels
Previous Daily High	0.9967
Previous Daily Low	0.9743
Previous Weekly High	0.9976
Previous Weekly Low	0.973
Previous Monthly High	1.0094
Previous Monthly Low	0.9632
Daily Fibonacci 38.2%	0.9881
Daily Fibonacci 61.8%	0.9828
Daily Pivot Point S1	0.9813
Daily Pivot Point S2	0.9666
Daily Pivot Point S3	0.9589
Daily Pivot Point R1	1.0037
Daily Pivot Point R2	1.0114
Daily Pivot Point R3	1.0261

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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