EUR/USD Price Analysis: Attention now shifts to 1.1064

Pablo Piovano FXStreet

- 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 price	1.098
Today Daily Change	55
Today Daily Change %	-0.07
Today daily open	1.0988

Trends
Daily SMA20	1.0806
Daily SMA50	1.0666
Daily SMA100	1.0792
Daily SMA200	1.0814

Levels
Previous Daily High	1.1009
Previous Daily Low	1.0934
Previous Weekly High	1.0965
Previous Weekly Low	1.0852
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0981
Daily Fibonacci 61.8%	1.0963
Daily Pivot Point S1	1.0946
Daily Pivot Point S2	1.0903
Daily Pivot Point S3	1.0871
Daily Pivot Point R1	1.102
Daily Pivot Point R2	1.1052
Daily Pivot Point R3	1.1095

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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