EURUSD Price Analysis: Immediately to the upside comes the 100-day SMA

EURUSD sees its recent strong upside temporarily trimmed on Tuesday.
Gains could accelerate beyond the 100-day SMA at 1.0040.

Pablo Piovano FXStreet

EURUSD meets robust resistance in the 1.0030/40 band for the time being, an area coincident with the 100-day SMA.

If the pair manages to surpass that region in a sustainable note, it could then challenge the October high at 1.0093 (October 27) prior to the September top at 1.0197 (September 12).

While above the 9-month resistance line, today near 0.9850, extra gains look likely.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0455.

EURUSD daily chart

EUR/USD

Overview
Today last price	1.0002
Today Daily Change	60
Today Daily Change %	-0.19
Today daily open	1.0021

Trends
Daily SMA20	0.986
Daily SMA50	0.9879
Daily SMA100	1.0048
Daily SMA200	1.0464

Levels
Previous Daily High	1.0034
Previous Daily Low	0.9903
Previous Weekly High	0.9976
Previous Weekly Low	0.973
Previous Monthly High	1.0094
Previous Monthly Low	0.9632
Daily Fibonacci 38.2%	0.9984
Daily Fibonacci 61.8%	0.9953
Daily Pivot Point S1	0.9938
Daily Pivot Point S2	0.9855
Daily Pivot Point S3	0.9806
Daily Pivot Point R1	1.0069
Daily Pivot Point R2	1.0117
Daily Pivot Point R3	1.02

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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