EUR/USD Price Analysis: Immediately to the upside comes 1.1000

Pablo Piovano FXStreet

- EUR/USD accelerates its march north and surpasses 1.0980.

- Further upside could see 1.1000 revisited in the short term.

EUR/USD advances further and reaches new monthly highs in the 1.0980/85 band on Tuesday.

The continuation of the upward bias could see the pair challenging the psychological threshold of 1.1000. Beyond this level comes the August top of 1.1064 (August 10).

So far, while above the significant 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0979
Today Daily Change	49
Today Daily Change %	0.20
Today daily open	1.0957

Trends
Daily SMA20	1.0785
Daily SMA50	1.066
Daily SMA100	1.0792
Daily SMA200	1.0812

Levels
Previous Daily High	1.0959
Previous Daily Low	1.0925
Previous Weekly High	1.0965
Previous Weekly Low	1.0852
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0946
Daily Fibonacci 61.8%	1.0938
Daily Pivot Point S1	1.0935
Daily Pivot Point S2	1.0913
Daily Pivot Point S3	1.0901
Daily Pivot Point R1	1.0969
Daily Pivot Point R2	1.0981
Daily Pivot Point R3	1.1003

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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