EUR/USD Price Analysis: Attention Now Shifts To 1.1064
- EUR/USD comes under pressure after hitting new monthly highs.
- Extra gains are expected to revisit the August top at 1.1064.
EUR/USD gives away part of the earlier advance to monthly tops near 1.1020 and returns to the sub-1.1000 region on Wednesday.
The continuation of the upward bias appears in store for the time being and could see the pair challenging the August peak of 1.1064 (August 10) in the short-term horizon. Once this level is cleared, spot could embark on a probable visit to the weekly high of 1.1149 (July 27).
So far, while above the significant 200-day SMA, today at 1.0814, the pair’s outlook should remain constructive.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.098 |
| Today Daily Change | 55 |
| Today Daily Change % | -0.07 |
| Today daily open | 1.0988 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0806 |
| Daily SMA50 | 1.0666 |
| Daily SMA100 | 1.0792 |
| Daily SMA200 | 1.0814 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.1009 |
| Previous Daily Low | 1.0934 |
| Previous Weekly High | 1.0965 |
| Previous Weekly Low | 1.0852 |
| Previous Monthly High | 1.0695 |
| Previous Monthly Low | 1.0448 |
| Daily Fibonacci 38.2% | 1.0981 |
| Daily Fibonacci 61.8% | 1.0963 |
| Daily Pivot Point S1 | 1.0946 |
| Daily Pivot Point S2 | 1.0903 |
| Daily Pivot Point S3 | 1.0871 |
| Daily Pivot Point R1 | 1.102 |
| Daily Pivot Point R2 | 1.1052 |
| Daily Pivot Point R3 | 1.1095 |
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