EUR/USD Price Analysis: Immediately to the upside comes in 1.2050/64

EUR/USD finally surpasses the key barrier at 1.20 the figure.
Further north of 1.20 comes in the 100-day SMA around 1.2050.

Pablo Piovano FXStreet

EUR/USD starts the week on a strong note and finally manages to advance further north of the psychological 1.2000 yardstick.

The firm buying pressure is expected to meet the next interim hurdle in the 1.2050/64 band, where converge the 100-day SMA and a Fibo retracement (of the November-January rally).

Above the latter the focus of attention is forecast to shift to the February peaks around 1.2240.

Above the 200-day SMA (1.1906) the stance for EUR/USD is predicted to remain positive.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.2039
Today Daily Change	100
Today Daily Change %	0.45
Today daily open	1.1985

Trends
Daily SMA20	1.1853
Daily SMA50	1.1963
Daily SMA100	1.2058
Daily SMA200	1.1913

Levels
Previous Daily High	1.1995
Previous Daily Low	1.195
Previous Weekly High	1.1995
Previous Weekly Low	1.1871
Previous Monthly High	1.2113
Previous Monthly Low	1.1704
Daily Fibonacci 38.2%	1.1978
Daily Fibonacci 61.8%	1.1967
Daily Pivot Point S1	1.1959
Daily Pivot Point S2	1.1933
Daily Pivot Point S3	1.1915
Daily Pivot Point R1	1.2003
Daily Pivot Point R2	1.2021
Daily Pivot Point R3	1.2047

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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