EUR/USD Price Analysis: Next target appears at 1.1000

EUR/USD extends the rebound to the 1.0940 region.
A move to the 1.1000 hurdle should not be ruled out.

Pablo Piovano FXStreet

EUR/USD’s upside momentum picks up extra pace beyond the 1.0900 yardstick on Thursday.

Further advance appears in store for the pair in the very near term with the immediate hurdle now at the psychological 1.0000 barrier. The surpass of the latter should put a test of the 55-day SMA, today at 1.1077, back on the radar.

While below the 200-day SMA, today at 1.1415, the outlook for the pair is expected to remain negative.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.089
Today Daily Change	113
Today Daily Change %	0.37
Today daily open	1.085

Trends
Daily SMA20	1.0925
Daily SMA50	1.1055
Daily SMA100	1.1189
Daily SMA200	1.1421

Levels
Previous Daily High	1.0867
Previous Daily Low	1.0784
Previous Weekly High	1.0933
Previous Weekly Low	1.0758
Previous Monthly High	1.1233
Previous Monthly Low	1.0806
Daily Fibonacci 38.2%	1.0835
Daily Fibonacci 61.8%	1.0816
Daily Pivot Point S1	1.08
Daily Pivot Point S2	1.0751
Daily Pivot Point S3	1.0718
Daily Pivot Point R1	1.0883
Daily Pivot Point R2	1.0917
Daily Pivot Point R3	1.0966

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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