EUR/USD Price Analysis: Further Gains Retarget 1.0945

By Pablo Piovano of FXStreet

Editor • Nov 16, 2023 at 10:00 AM EST

EUR/USD trades without clear direction in the mid-1.0800s following the previous daily decline on Thursday.

EUR/USD trades in a vacillating mood around 1.0850.
Further upside could see the next hurdle at 1.0945.

EUR/USD trades without clear direction in the mid-1.0800s following the previous daily decline on Thursday.

The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.

So far, while above the significant 200-day SMA, today at 1.0803, the pair’s outlook should remain constructive.

EUR/USD daily chart

(Click on image to enlarge)

EUR/USD

OVERVIEW
Today last price	1.0846
Today Daily Change	31
Today Daily Change %	0.03
Today daily open	1.0843

TRENDS
Daily SMA20	1.0657
Daily SMA50	1.0626
Daily SMA100	1.0792
Daily SMA200	1.0804

LEVELS
Previous Daily High	1.0886
Previous Daily Low	1.0832
Previous Weekly High	1.0756
Previous Weekly Low	1.0656
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0852
Daily Fibonacci 61.8%	1.0865
Daily Pivot Point S1	1.0821
Daily Pivot Point S2	1.0799
Daily Pivot Point S3	1.0767
Daily Pivot Point R1	1.0876
Daily Pivot Point R2	1.0908
Daily Pivot Point R3	1.093

More By This Author:

Natural Gas Futures: Further Recovery Could Lose Traction
Euro Recovers Mildly To Around 1.0860 Ahead Of Lagarde Speech, US Data
Gold Futures: Recovery Could Extend Further

Disclosure:

Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

STOCKS IN THIS ARTICLE

Also Mentions:

Comments

Back to all articles