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

Pablo Piovano FXStreet

- EUR/USD comes under pressure following new highs near 1.0900.

- Extra upside should retarget the mid-1.0900s in the near term.

EUR/USD surrenders part of the recent advance to three-month highs just below 1.0900 the figure on Wednesday.

The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.

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

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0848
Today Daily Change	45
Today Daily Change %	-0.32
Today daily open	1.0883

Trends
Daily SMA20	1.0642
Daily SMA50	1.0624
Daily SMA100	1.0792
Daily SMA200	1.0803

Levels
Previous Daily High	1.0888
Previous Daily Low	1.0693
Previous Weekly High	1.0756
Previous Weekly Low	1.0656
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.0813
Daily Fibonacci 61.8%	1.0767
Daily Pivot Point S1	1.0755
Daily Pivot Point S2	1.0627
Daily Pivot Point S3	1.056
Daily Pivot Point R1	1.0949
Daily Pivot Point R2	1.1016
Daily Pivot Point R3	1.1144

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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