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EUR/USD Price Analysis: Above 1.0945 comes 1.1000

- EUR/USD adds to the monthly rally and revisits 1.0940.

- Next on the upside comes the 1.1000 threshold.

EUR/USD adds to the ongoing optimism and reaches a new three-month peak around 1.0940 at the beginning of the week.

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, today at 1.0805, the pair’s outlook should remain constructive.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0922
Today Daily Change43
Today Daily Change %0.12
Today daily open1.0909
 
Trends
Daily SMA201.0686
Daily SMA501.0633
Daily SMA1001.0792
Daily SMA2001.0805
 
Levels
Previous Daily High1.0909
Previous Daily Low1.0825
Previous Weekly High1.0909
Previous Weekly Low1.0665
Previous Monthly High1.0695
Previous Monthly Low1.0448
Daily Fibonacci 38.2%1.0877
Daily Fibonacci 61.8%1.0857
Daily Pivot Point S11.0853
Daily Pivot Point S21.0797
Daily Pivot Point S31.0768
Daily Pivot Point R11.0937
Daily Pivot Point R21.0965
Daily Pivot Point R31.1021

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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