EUR/USD Price Analysis: Next on the upside appears 1.1150

EUR/USD adds to Wednesday’s gains north of 1.1000.
The continuation of the uptrend should target 1.1150.

Pablo Piovano FXStreet

EUR/USD picks up further pace and surpasses the key barrier at 1.1000 the figure on Thursday.

Further gains now need to quickly clear the August high at 1.1064 (August 10) to allow for a rapid challenge of the weekly peak at 1.1149 (July 27). Once the latter is cleared, the pair’s downside pressure is expected to mitigate.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0766.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1016
Today Daily Change	97
Today Daily Change %	0.38
Today daily open	1.0974

Trends
Daily SMA20	1.1069
Daily SMA50	1.0953
Daily SMA100	1.0926
Daily SMA200	1.0761

Levels
Previous Daily High	1.0995
Previous Daily Low	1.0952
Previous Weekly High	1.1046
Previous Weekly Low	1.0912
Previous Monthly High	1.1276
Previous Monthly Low	1.0834
Daily Fibonacci 38.2%	1.0979
Daily Fibonacci 61.8%	1.0969
Daily Pivot Point S1	1.0952
Daily Pivot Point S2	1.0931
Daily Pivot Point S3	1.0909
Daily Pivot Point R1	1.0996
Daily Pivot Point R2	1.1017
Daily Pivot Point R3	1.1039

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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