EUR/USD Price Analysis: Extra Upside Now Targets 1.0970
EUR/USD picks up further pace and climbs to weekly highs near 1.0930, an area coincident with the 100-day SMA, on Wednesday.
The pair’s current momentum seems to be favouring the continuation of the march north for the time being. That said, there is a temporary hurdle at the 55-day SMA at 1.0968, which precedes the psychological 1.1000 mark and the August top of 1.1064 (August 10).
In the meantime, the pair is likely to remain bid while above the 200-day SMA, today at 1.0810.
(Click on image to enlarge)
EUR/USD
| OVERVIEW | |
|---|---|
| Today last price | 1.0927 |
| Today Daily Change | 79 |
| Today Daily Change % | 0.43 |
| Today daily open | 1.088 |
| TRENDS | |
|---|---|
| Daily SMA20 | 1.0905 |
| Daily SMA50 | 1.0974 |
| Daily SMA100 | 1.0927 |
| Daily SMA200 | 1.0809 |
| LEVELS | |
|---|---|
| Previous Daily High | 1.0892 |
| Previous Daily Low | 1.0782 |
| Previous Weekly High | 1.093 |
| Previous Weekly Low | 1.0766 |
| Previous Monthly High | 1.1276 |
| Previous Monthly Low | 1.0834 |
| Daily Fibonacci 38.2% | 1.085 |
| Daily Fibonacci 61.8% | 1.0824 |
| Daily Pivot Point S1 | 1.0811 |
| Daily Pivot Point S2 | 1.0742 |
| Daily Pivot Point S3 | 1.0701 |
| Daily Pivot Point R1 | 1.092 |
| Daily Pivot Point R2 | 1.0961 |
| Daily Pivot Point R3 | 1.103 |
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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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