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EUR/USD Price Analysis: Extra gains seen above 1.1908

  • EUR/USD regains buying interest and approaches 1.1900.
  • Interim target is now located at 1.1908, July’s top.

EUR/USD bulls retake control and pushes spot back to the vicinity of the 1.1900 mark on Monday.

A move above July’s top at 1.1908 (July 30) could pave the way for extra gains to the late June peaks around 1.1975 ahead of the psychological 1.2000 barrier, where also sits the critical 200-day SMA.

Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1886
Today Daily Change38
Today Daily Change %0.12
Today daily open1.1872
 
Trends
Daily SMA201.1821
Daily SMA501.1966
Daily SMA1001.1973
Daily SMA2001.2008
 
Levels
Previous Daily High1.1909
Previous Daily Low1.1852
Previous Weekly High1.1909
Previous Weekly Low1.1764
Previous Monthly High1.1909
Previous Monthly Low1.1752
Daily Fibonacci 38.2%1.1873
Daily Fibonacci 61.8%1.1887
Daily Pivot Point S11.1846
Daily Pivot Point S21.182
Daily Pivot Point S31.1789
Daily Pivot Point R11.1903
Daily Pivot Point R21.1935
Daily Pivot Point R31.196

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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