EUR/USD Price Analysis: More room for a move to…1.1000?

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  • EUR/USD marks fresh multi-month highs near 1-0930 on Monday.
  • Further gains target 1.0936 ahead of the key 1.1000 level.

The EUR/USD further extends the auspicious start of the new year and breaks the 1.0900 barrier for the first time since April 2022.

The continuation of the uptrend is now focused on the weekly high of 1.0936 (21 Apr 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 in the not too distant future.

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Meanwhile, above the near-term support line near 1.0630, the pair should continue to gain ground.

Longer-term, the constructive view remains unchanged as long as it holds above the 200-day SMA at 1.0308 today.

EUR/USD daily chart

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Last price today 1.0871
today’s daily change 67
today’s daily variation 0.14
today’s daily opening 1.0856
daily SMA20 1.0711
daily SMA50 1.0571
daily SMA100 1.0232
daily SMA200 1,031
previous daily high 1.0859
previous daily low 1.0802
Previous Weekly High 1.0888
previous weekly low 1.0766
Previous Monthly High 1.0736
Previous monthly minimum 1.0393
Fibonacci daily 38.2 1.0838
Fibonacci 61.8% daily 1.0824
Daily Pivot Point S1 1.0819
Daily Pivot Point S2 1.0782
Daily Pivot Point S3 1.0762
Daily Pivot Point R1 1.0876
Daily Pivot Point R2 1.0896
Daily Pivot Point R3 1.0933

Source: Fx Street

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