EUR/USD Price Analysis: Further gains retarget 1.0945

Pablo Piovano FXStreet

- 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 price	1.0846
Today Daily Change	31
Today Daily Change %	0.03
Today daily open	1.0843

Trends
Daily SMA20	1.0657
Daily SMA50	1.0626
Daily SMA100	1.0792
Daily SMA200	1.0804

Levels
Previous Daily High	1.0886
Previous Daily Low	1.0832
Previous Weekly High	1.0756
Previous Weekly Low	1.0656
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0852
Daily Fibonacci 61.8%	1.0865
Daily Pivot Point S1	1.0821
Daily Pivot Point S2	1.0799
Daily Pivot Point S3	1.0767
Daily Pivot Point R1	1.0876
Daily Pivot Point R2	1.0908
Daily Pivot Point R3	1.093

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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