EUR/USD Price Analysis: Bulls Closely Eye 1.0800 and Above

EUR/USD bullish momentum picks up on Monday.
The next upside target is 1.0800.

He EUR/USD extends buying interest to fresh multi-week highs above 1.0700, the early-week reading.

The continuation of the upward trend seems favored for the moment. Conversely, a convincing move above Monday’s high at 1.0737 would open the door to a weekly high at 1.0804 (Feb 14). Higher up, there are no major resistance levels until the 2023 high at 1.1032 (2 Feb).

Longer-term, constructive view remains above the 200-day SMA at 1.0324 today.

EUR/USD daily chart

EUR/USD

Overview
Last price today	1.0721
Today I change daily	87
today’s daily variation	0.79
today daily opening	1.0637

Trends
daily SMA20	1.0634
daily SMA50	1.0722
daily SMA100	1.0534
daily SMA200	1.0326

levels
previous daily high	1.0701
previous daily low	1.0574
Previous Weekly High	1.0701
previous weekly low	1.0524
Previous Monthly High	1.1033
Previous monthly minimum	1.0533
Fibonacci daily 38.2	1.0652
Fibonacci 61.8% daily	1.0622
Daily Pivot Point S1	1.0574
Daily Pivot Point S2	1.0511
Daily Pivot Point S3	1.0447
Daily Pivot Point R1	1.07
Daily Pivot Point R2	1.0764
Daily Pivot Point R3	1.0827

Source: Fx Street

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.