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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.

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 price1.089
Today Daily Change113
Today Daily Change %0.37
Today daily open1.085
 
Trends
Daily SMA201.0925
Daily SMA501.1055
Daily SMA1001.1189
Daily SMA2001.1421
 
Levels
Previous Daily High1.0867
Previous Daily Low1.0784
Previous Weekly High1.0933
Previous Weekly Low1.0758
Previous Monthly High1.1233
Previous Monthly Low1.0806
Daily Fibonacci 38.2%1.0835
Daily Fibonacci 61.8%1.0816
Daily Pivot Point S11.08
Daily Pivot Point S21.0751
Daily Pivot Point S31.0718
Daily Pivot Point R11.0883
Daily Pivot Point R21.0917
Daily Pivot Point R31.0966

Author

Pablo Piovano

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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