|

EUR/USD Price Analysis: Further gains retarget 1.0945

- EUR/USD trades in a vacillating mood around 1.0850.

- Further upside could see the next hurdle at 1.0945.

EUR/USD trades without clear direction in the mid-1.0800s following the previous daily decline on Thursday.

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 1.0803, the pair’s outlook should remain constructive.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.0846
Today Daily Change31
Today Daily Change %0.03
Today daily open1.0843
 
Trends
Daily SMA201.0657
Daily SMA501.0626
Daily SMA1001.0792
Daily SMA2001.0804
 
Levels
Previous Daily High1.0886
Previous Daily Low1.0832
Previous Weekly High1.0756
Previous Weekly Low1.0656
Previous Monthly High1.0695
Previous Monthly Low1.0448
Daily Fibonacci 38.2%1.0852
Daily Fibonacci 61.8%1.0865
Daily Pivot Point S11.0821
Daily Pivot Point S21.0799
Daily Pivot Point S31.0767
Daily Pivot Point R11.0876
Daily Pivot Point R21.0908
Daily Pivot Point R31.093

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.

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary. 

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.