EUR/USD Price Analysis: Above 1.0945 comes 1.1000

Pablo Piovano FXStreet

- 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 price	1.0922
Today Daily Change	43
Today Daily Change %	0.12
Today daily open	1.0909

Trends
Daily SMA20	1.0686
Daily SMA50	1.0633
Daily SMA100	1.0792
Daily SMA200	1.0805

Levels
Previous Daily High	1.0909
Previous Daily Low	1.0825
Previous Weekly High	1.0909
Previous Weekly Low	1.0665
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0877
Daily Fibonacci 61.8%	1.0857
Daily Pivot Point S1	1.0853
Daily Pivot Point S2	1.0797
Daily Pivot Point S3	1.0768
Daily Pivot Point R1	1.0937
Daily Pivot Point R2	1.0965
Daily Pivot Point R3	1.1021

Author

Pablo Piovano

FXStreet

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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