EUR/USD Price Analysis: Immediately to the upside comes 1.1150

EUR/USD looks to add to Friday’s advance north of 1.1000.
Extra upside faces the next barrier at the weekly top around 1.1150.

Pablo Piovano FXStreet

EUR/USD climbs further and revisits the 1.1040 region, or daily highs, at the beginning of the week.

In light of the recent price action, the pair could see its selling pressure somewhat mitigated on a breakout of the weekly low of 1.1149 (July 27). Once this level is cleared, spot could the attempt a challenge of the 2023 top at 1.1275 (July 18).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0723.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1022
Today Daily Change	40
Today Daily Change %	0.04
Today daily open	1.1018

Trends
Daily SMA20	1.1061
Daily SMA50	1.0915
Daily SMA100	1.0905
Daily SMA200	1.0719

Levels
Previous Daily High	1.1048
Previous Daily Low	1.0944
Previous Weekly High	1.115
Previous Weekly Low	1.0944
Previous Monthly High	1.1012
Previous Monthly Low	1.0662
Daily Fibonacci 38.2%	1.1008
Daily Fibonacci 61.8%	1.0983
Daily Pivot Point S1	1.0958
Daily Pivot Point S2	1.0899
Daily Pivot Point S3	1.0854
Daily Pivot Point R1	1.1062
Daily Pivot Point R2	1.1107
Daily Pivot Point R3	1.1166

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.