EUR/USD Price Analysis: Next on the upside comes in 1.1900


  • EUR/USD’s upside momentum looks firm above 1.1800.
  • Extra strength could extend to the 1.1900 area in the near term.

EUR/USD pushes higher and posts strong gains further north of 1.1800 the figure on Tuesday, up for the third session in a row.

The continuation of the recovery appears likely in the very near term, with the next target at the July/August peaks around 1.1900. Above this area there is an interim hurdle at the 100-day SMA, today at 1.1955 ahead of the 1.2000 neighbourhood, where also sits the critical 200-day SMA.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001.

EUR/USD daily chart

EUR/USD

Overview
Today last price 1.184
Today Daily Change 51
Today Daily Change % 0.36
Today daily open 1.1797
 
Trends
Daily SMA20 1.1761
Daily SMA50 1.1813
Daily SMA100 1.1955
Daily SMA200 1.2005
 
Levels
Previous Daily High 1.181
Previous Daily Low 1.1783
Previous Weekly High 1.1802
Previous Weekly Low 1.1693
Previous Monthly High 1.1909
Previous Monthly Low 1.1752
Daily Fibonacci 38.2% 1.1799
Daily Fibonacci 61.8% 1.1793
Daily Pivot Point S1 1.1783
Daily Pivot Point S2 1.1769
Daily Pivot Point S3 1.1756
Daily Pivot Point R1 1.181
Daily Pivot Point R2 1.1824
Daily Pivot Point R3 1.1837

 

 

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