EUR/USD Price Analysis: Extra gains expected above 1.1830


  • EUR/USD picks up extra pace and breaks above 1.1800.
  • The continuation of the buying pressure targets 1.1830 ahead of 1.1900.

EUR/USD manages to regain the 1.18 mark and beyond on Tuesday, allowing for a potential test of recent peaks around 1.1830.

Further north of the so far monthly tops at 1.1830 (October 9) emerges 1.1917 (September 10 high) ahead of the August’s peak at 1.1965. A move back to the psychological 1.20 hurdle would require a moderate deterioration of the outlook surrounding the dollar, which is expected following the November 3 elections (and a Biden win).

Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1286.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.181
Today Daily Change 58
Today Daily Change % 0.34
Today daily open 1.177
 
Trends
Daily SMA20 1.1732
Daily SMA50 1.1795
Daily SMA100 1.161
Daily SMA200 1.1285
 
Levels
Previous Daily High 1.1794
Previous Daily Low 1.1703
Previous Weekly High 1.1827
Previous Weekly Low 1.1688
Previous Monthly High 1.2011
Previous Monthly Low 1.1612
Daily Fibonacci 38.2% 1.1759
Daily Fibonacci 61.8% 1.1738
Daily Pivot Point S1 1.1718
Daily Pivot Point S2 1.1665
Daily Pivot Point S3 1.1627
Daily Pivot Point R1 1.1808
Daily Pivot Point R2 1.1846
Daily Pivot Point R3 1.1898

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD sits at two-month highs near 0.7375

AUD/USD keeps its range near two-month highs of 0.7375 despite a big miss on the Australian Q3 Capex data. The bulls retain control as the US dollar remains on the back foot across the board, in the face of renewed US economic growth concerns. 

AUD/USD News

USD/JPY revisits Wednesday's low as weak US data keeps dollar under pressure

USD/JPY drops over 20 pips in Asia to test Wednesday's low. USD/JPY is feeling the pull of gravity with the dollar drawing offers, possibly on disappointing US data released Wednesday. Disappointing US jobs data and dovish Fed minutes weigh over the dollar.

USD/JPY News

Gold hovers within the range of Wednesday's Doji candle

Gold's daily chart shows signs of indecision in the market. Wed's high and low are levels to beat for bulls and bears, respectively. A Doji candle represents indecision in the market and makes the following day's close pivotal.

Gold news

Markets return to normal, and traders may be loving it

Calendar comeback – currencies begin moving to the tune of economic indicators, a welcome return for traders. Valeria Bednarik, Joseph Trevisani, and Yohay Elam discuss the latest market moves and what to expect in the final stretch of 2020 and beyond.

Read more

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex MAJORS

Cryptocurrencies

Signatures