EUR/USD Price Analysis - Next On The Upside Comes 1.0945
- EUR/USD comes under pressure following new highs near 1.0900.
- Extra upside should retarget the mid-1.0900s in the near term.
EUR/USD surrenders part of the recent advance to three-month highs just below 1.0900 the figure on Wednesday.
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, the pair’s outlook should remain constructive.
EUR/USD daily chart
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0848 |
| Today Daily Change | 45 |
| Today Daily Change % | -0.32 |
| Today daily open | 1.0883 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0642 |
| Daily SMA50 | 1.0624 |
| Daily SMA100 | 1.0792 |
| Daily SMA200 | 1.0803 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0888 |
| Previous Daily Low | 1.0693 |
| Previous Weekly High | 1.0756 |
| Previous Weekly Low | 1.0656 |
| Previous Monthly High | 1.0695 |
| Previous Monthly Low | 1.0448 |
| Daily Fibonacci 38.2% | 1.0813 |
| Daily Fibonacci 61.8% | 1.0767 |
| Daily Pivot Point S1 | 1.0755 |
| Daily Pivot Point S2 | 1.0627 |
| Daily Pivot Point S3 | 1.056 |
| Daily Pivot Point R1 | 1.0949 |
| Daily Pivot Point R2 | 1.1016 |
| Daily Pivot Point R3 | 1.1144 |
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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 ...
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