EUR/USD Price Analysis: Next on the upside comes 1.0945

EUR/USD fades Thursday’s downtick and approaches 1.0900.
Immediate up-barrier remains near 1.0950 so far.

Pablo Piovano FXStreet

EUR/USD manages to set aside part of Thursday’s sharp pullback and gradually approaches the 1.0900 mark on Friday.

Despite the daily knee-jerk, the pair’s current momentum seems to be favouring the continuation of the march north for the time being. That said, the next hurdle emerges at the weekly top at 1.0945 (August 30), prior to the interim 55-day SMA at 1.0965 and the psychological 1.1000 mark.

In the meantime, the pair is likely to keep the bullish outlook unchanged while above the 200-day SMA, today at 1.0816.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0867
Today Daily Change	54
Today Daily Change %	0.21
Today daily open	1.0844

Trends
Daily SMA20	1.0899
Daily SMA50	1.097
Daily SMA100	1.0924
Daily SMA200	1.0814

Levels
Previous Daily High	1.094
Previous Daily Low	1.0835
Previous Weekly High	1.093
Previous Weekly Low	1.0766
Previous Monthly High	1.1065
Previous Monthly Low	1.0766
Daily Fibonacci 38.2%	1.0875
Daily Fibonacci 61.8%	1.09
Daily Pivot Point S1	1.0806
Daily Pivot Point S2	1.0768
Daily Pivot Point S3	1.0702
Daily Pivot Point R1	1.091
Daily Pivot Point R2	1.0977
Daily Pivot Point R3	1.1015

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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