EUR/USD Price Analysis: Upside bias unchanged above 1.0650

EUR/USD alternates gains with losses below the 1.0900 mark.
The 2-month support line near 1.0650 holds the downside so far.

Pablo Piovano FXStreet

EUR/USD’s daily advance falters just ahead of the key 1.0900 barrier on turnaround Tuesday.

The continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0926 (January 23) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 the figure in the not-so-distant future

In the meantime, while above the short-term support line near 1.0650, extra gains should remain in store for the pair.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0308.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0866
Today Daily Change	46
Today Daily Change %	-0.02
Today daily open	1.0868

Trends
Daily SMA20	1.0724
Daily SMA50	1.0582
Daily SMA100	1.0241
Daily SMA200	1.031

Levels
Previous Daily High	1.0927
Previous Daily Low	1.0846
Previous Weekly High	1.0888
Previous Weekly Low	1.0766
Previous Monthly High	1.0736
Previous Monthly Low	1.0393
Daily Fibonacci 38.2%	1.0896
Daily Fibonacci 61.8%	1.0877
Daily Pivot Point S1	1.0834
Daily Pivot Point S2	1.08
Daily Pivot Point S3	1.0754
Daily Pivot Point R1	1.0915
Daily Pivot Point R2	1.0961
Daily Pivot Point R3	1.0995

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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