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

- 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 price1.0979
Today Daily Change49
Today Daily Change %0.20
Today daily open1.0957
 
Trends
Daily SMA201.0785
Daily SMA501.066
Daily SMA1001.0792
Daily SMA2001.0812
 
Levels
Previous Daily High1.0959
Previous Daily Low1.0925
Previous Weekly High1.0965
Previous Weekly Low1.0852
Previous Monthly High1.0695
Previous Monthly Low1.0448
Daily Fibonacci 38.2%1.0946
Daily Fibonacci 61.8%1.0938
Daily Pivot Point S11.0935
Daily Pivot Point S21.0913
Daily Pivot Point S31.0901
Daily Pivot Point R11.0969
Daily Pivot Point R21.0981
Daily Pivot Point R31.1003

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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