- EUR/USD adds to recent gains and surpasses 1.1600.
- Further up is located the monthly high at 1.1640.
EUR/USD advances for the second straight session and leaves behind the key 1.1600 barrier on Thursday.
Further recovery is expected to meet the interim hurdle at the 20-day SMA at 1.1631 ahead of the monthly peak at 1.1640 (October 4). The break above this area should meet the next target at the 55-day SMA, today at 1.1732 followed by the late-September tops in the mid-1.1700s.
In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1932.
EUR/USD daily chart
|Today last price||1.1614|
|Today Daily Change||37|
|Today Daily Change %||0.18|
|Today daily open||1.1593|
|Previous Daily High||1.1597|
|Previous Daily Low||1.1529|
|Previous Weekly High||1.164|
|Previous Weekly Low||1.1529|
|Previous Monthly High||1.1909|
|Previous Monthly Low||1.1563|
|Daily Fibonacci 38.2%||1.1571|
|Daily Fibonacci 61.8%||1.1555|
|Daily Pivot Point S1||1.1549|
|Daily Pivot Point S2||1.1505|
|Daily Pivot Point S3||1.1481|
|Daily Pivot Point R1||1.1617|
|Daily Pivot Point R2||1.1642|
|Daily Pivot Point R3||1.1686|
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