EUR/USD Price Analysis: Further gains favoured beyond 1.0930

EUR/USD keeps the weekly bullish tone unchanged on Thursday.
If the recovery picks up pace it could revisit the 1.0930 zone.

Pablo Piovano FXStreet

EUR/USD climbs to weekly highs in the 1.0880/85 band on Thursday, extending the bounce for the fourth session in a row.

The likelihood of extra advances appears favoured for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) prior to a potential test of the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0338.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0878
Today Daily Change	61
Today Daily Change %	0.31
Today daily open	1.0844

Trends
Daily SMA20	1.0698
Daily SMA50	1.073
Daily SMA100	1.0639
Daily SMA200	1.0338

Levels
Previous Daily High	1.0871
Previous Daily Low	1.0818
Previous Weekly High	1.093
Previous Weekly Low	1.0631
Previous Monthly High	1.1033
Previous Monthly Low	1.0533
Daily Fibonacci 38.2%	1.0851
Daily Fibonacci 61.8%	1.0838
Daily Pivot Point S1	1.0818
Daily Pivot Point S2	1.0791
Daily Pivot Point S3	1.0764
Daily Pivot Point R1	1.0871
Daily Pivot Point R2	1.0898
Daily Pivot Point R3	1.0925

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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