EUR/USD Price Analysis: Further upside targets 1.1382

EUR/USD leaves behind Wednesday’s daily retracement.
Further upside is seen initially challenging 1.1382.

Pablo Piovano FXStreet

EUR/USD regains the smile and the buying interest and advances to the 1.1350 zone on Thursday.

In case the recovery picks up further impulse, then the pair is forecast to test the weekly top at 1.1382 (November 30) ahead of another weekly high at 1.1464 (November 15).

The probability of further losses remains unchanged as long as EUR/USD trades below the 2-month resistance line (off September’s peak) near 1.1545. In the longer run, the offered stance in spot is expected to persist while below the 200-day SMA at 1.1819.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1334
Today Daily Change	40
Today Daily Change %	0.20
Today daily open	1.1311

Trends
Daily SMA20	1.1375
Daily SMA50	1.1518
Daily SMA100	1.1654
Daily SMA200	1.1825

Levels
Previous Daily High	1.136
Previous Daily Low	1.1303
Previous Weekly High	1.1324
Previous Weekly Low	1.1186
Previous Monthly High	1.1616
Previous Monthly Low	1.1186
Daily Fibonacci 38.2%	1.1324
Daily Fibonacci 61.8%	1.1338
Daily Pivot Point S1	1.1289
Daily Pivot Point S2	1.1267
Daily Pivot Point S3	1.1232
Daily Pivot Point R1	1.1346
Daily Pivot Point R2	1.1381
Daily Pivot Point R3	1.1403

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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