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EUR/USD Price Analysis: Immediately to the upside comes 1.1150

  • EUR/USD looks to add to Friday’s advance north of 1.1000.
  • Extra upside faces the next barrier at the weekly top around 1.1150.

EUR/USD climbs further and revisits the 1.1040 region, or daily highs, at the beginning of the week.

In light of the recent price action, the pair could see its selling pressure somewhat mitigated on a breakout of the weekly low of 1.1149 (July 27). Once this level is cleared, spot could the attempt a challenge of the 2023 top at 1.1275 (July 18).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0723.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1022
Today Daily Change40
Today Daily Change %0.04
Today daily open1.1018
 
Trends
Daily SMA201.1061
Daily SMA501.0915
Daily SMA1001.0905
Daily SMA2001.0719
 
Levels
Previous Daily High1.1048
Previous Daily Low1.0944
Previous Weekly High1.115
Previous Weekly Low1.0944
Previous Monthly High1.1012
Previous Monthly Low1.0662
Daily Fibonacci 38.2%1.1008
Daily Fibonacci 61.8%1.0983
Daily Pivot Point S11.0958
Daily Pivot Point S21.0899
Daily Pivot Point S31.0854
Daily Pivot Point R11.1062
Daily Pivot Point R21.1107
Daily Pivot Point R31.1166

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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