EUR/USD Price Analysis: In the short term it seems that there will be additional gains

EUR/USD hit a fresh three-day high around 1.0870 on Wednesday.
If it continues to rise, it could revisit the monthly high near 1.0930.

He EUR/USD hits fresh daily highs near 1.0870 amid continuation of Wednesday’s weekly bounce.

The probability of new advances seems favored for the moment. Conversely, the pair could head towards the March high at 1.0929 (March 23) before a possible test of the 2023 high at 1.1032 (Feb 2).

Longer-term, constructive view remains above the 200-day SMA at 1.0336 today.

EUR/USD daily chart

EUR/USD

Overview
Last price today	1.0845
Today I change daily	54
today’s daily variation	0.01
today daily opening	1.0844

Trends
daily SMA20	1.0689
daily SMA50	1.0729
daily SMA100	1.0631
daily SMA200	1.0337

levels
previous daily high	1.0849
previous daily low	1.0795
Previous Weekly High	1,093
previous weekly low	1.0631
Previous Monthly High	1.1033
Previous monthly minimum	1.0533
Fibonacci daily 38.2	1.0828
Fibonacci 61.8% daily	1.0816
Daily Pivot Point S1	1,081
Daily Pivot Point S2	1.0776
Daily Pivot Point S3	1.0757
Daily Pivot Point R1	1.0864
Daily Pivot Point R2	1.0883
Daily Pivot Point R3	1.0917

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.