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EUR/USD Price Analysis: Attention now shifts to 1.1064

- EUR/USD comes under pressure after hitting new monthly highs.

- Extra gains are expected to revisit the August top at 1.1064.

EUR/USD gives away part of the earlier advance to monthly tops near 1.1020 and returns to the sub-1.1000 region on Wednesday.

The continuation of the upward bias appears in store for the time being and could see the pair challenging the August peak of 1.1064 (August 10) in the short-term horizon. Once this level is cleared, spot could embark on a probable visit to the weekly high of 1.1149 (July 27).

So far, while above the significant 200-day SMA, today at 1.0814, the pair’s outlook should remain constructive.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.098
Today Daily Change55
Today Daily Change %-0.07
Today daily open1.0988
 
Trends
Daily SMA201.0806
Daily SMA501.0666
Daily SMA1001.0792
Daily SMA2001.0814
 
Levels
Previous Daily High1.1009
Previous Daily Low1.0934
Previous Weekly High1.0965
Previous Weekly Low1.0852
Previous Monthly High1.0695
Previous Monthly Low1.0448
Daily Fibonacci 38.2%1.0981
Daily Fibonacci 61.8%1.0963
Daily Pivot Point S11.0946
Daily Pivot Point S21.0903
Daily Pivot Point S31.0871
Daily Pivot Point R11.102
Daily Pivot Point R21.1052
Daily Pivot Point R31.1095

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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