EUR/USD Price Analysis: Immediately To The Upside Comes 1.1000

  • EUR/USD accelerates its march north and surpasses 1.0980.
  • Further upside could see 1.1000 revisited in the short term.

EUR/USD advances further and reaches new monthly highs in the 1.0980/85 band on Tuesday.

The continuation of the upward bias could see the pair challenging the psychological threshold of 1.1000. Beyond this level comes the August top of 1.1064 (August 10).

So far, while above the significant 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.

EUR/USD daily chart

(Click on image to enlarge)


Today last price 1.0979
Today Daily Change 49
Today Daily Change % 0.20
Today daily open 1.0957
Daily SMA20 1.0785
Daily SMA50 1.066
Daily SMA100 1.0792
Daily SMA200 1.0812
Previous Daily High 1.0959
Previous Daily Low 1.0925
Previous Weekly High 1.0965
Previous Weekly Low 1.0852
Previous Monthly High 1.0695
Previous Monthly Low 1.0448
Daily Fibonacci 38.2% 1.0946
Daily Fibonacci 61.8% 1.0938
Daily Pivot Point S1 1.0935
Daily Pivot Point S2 1.0913
Daily Pivot Point S3 1.0901
Daily Pivot Point R1 1.0969
Daily Pivot Point R2 1.0981
Daily Pivot Point R3 1.1003

More By This Author:

USD Index Price Analysis: Extra Losses In The Pipeline
Crude Oil Futures: Extra Downside On The Table
EUR/USD Price Analysis: Next On The Upside Comes 1.1000

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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.