EUR/USD Price Analysis: Next target now emerges at 1.1965

EUR/USD moves higher and clinches monthly tops near 1.1930.
Immediately to the upside now aligns 1.1965 (August 18).

Pablo Piovano FXStreet

EUR/USD gathers extra steam and advances to new monthly highs in the 1.1925/30 band on Wednesday.

A surpass of this area on a sustainable fashion should put the summer’s peak at 1.1965 (August 18) back on the radar. Another visit to the 2020 high past 1.20 the figure should start shaping up if the latter is cleared in the near-term.

Looking at the broader scenario, extra gains in EUR/USD are likely while above the critical 200-day SMA, today at 1.1392.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1896
Today Daily Change	42
Today Daily Change %	0.03
Today daily open	1.1892

Trends
Daily SMA20	1.1795
Daily SMA50	1.1776
Daily SMA100	1.175
Daily SMA200	1.1389

Levels
Previous Daily High	1.1894
Previous Daily Low	1.1837
Previous Weekly High	1.1894
Previous Weekly Low	1.1814
Previous Monthly High	1.1881
Previous Monthly Low	1.164
Daily Fibonacci 38.2%	1.1872
Daily Fibonacci 61.8%	1.1859
Daily Pivot Point S1	1.1855
Daily Pivot Point S2	1.1817
Daily Pivot Point S3	1.1798
Daily Pivot Point R1	1.1912
Daily Pivot Point R2	1.1932
Daily Pivot Point R3	1.1969

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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