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EUR/USD Price Analysis: A visit to 1.1000 seems to be shaping up

  • EUR/USD advances to new highs around 1.0970 on Friday.
  • The continuation of the upside retargets the 1.1000 hurdle.

EUR/USD maintains the bullish outlook well and sound for the fifth consecutive session on Friday, this time hitting new 5-week tops around 1.0970.

Further gains remain well on the table for the time being. Against that, the pair is expected to challenge the psychological barrier at 1.1000 once the June peak at 1.0970 (June 16) is cleared.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0540.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0951
Today Daily Change37
Today Daily Change %0.05
Today daily open1.0945
 
Trends
Daily SMA201.0757
Daily SMA501.0878
Daily SMA1001.0806
Daily SMA2001.0538
 
Levels
Previous Daily High1.0953
Previous Daily Low1.0804
Previous Weekly High1.0787
Previous Weekly Low1.0667
Previous Monthly High1.1092
Previous Monthly Low1.0635
Daily Fibonacci 38.2%1.0896
Daily Fibonacci 61.8%1.0861
Daily Pivot Point S11.0848
Daily Pivot Point S21.0752
Daily Pivot Point S31.07
Daily Pivot Point R11.0997
Daily Pivot Point R21.1049
Daily Pivot Point R31.1146

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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