EUR/USD Price Analysis: Outlook shifts to constructive above 1.0800

Pablo Piovano FXStreet

- EUR/USD shoots past the 1.0800 barrier, or multi-week highs.

- Extra gains appear on the cards above 1.0800.

EUR/USD picks up extra pace and surpasses the 1.0800 hurdle for the first time since early September.

A clear breakout of the 200-day SMA, today at 1.0801, should shift the pair’s outlook to a more constructive one and open the door to a potential challenge of the weekly high of 1.0945 (August 30).

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.0814
Today Daily Change	138
Today Daily Change %	1.07
Today daily open	1.0699

Trends
Daily SMA20	1.0627
Daily SMA50	1.0621
Daily SMA100	1.0793
Daily SMA200	1.0802

Levels
Previous Daily High	1.0706
Previous Daily Low	1.0665
Previous Weekly High	1.0756
Previous Weekly Low	1.0656
Previous Monthly High	1.0695
Previous Monthly Low	1.0448
Daily Fibonacci 38.2%	1.069
Daily Fibonacci 61.8%	1.0681
Daily Pivot Point S1	1.0674
Daily Pivot Point S2	1.0649
Daily Pivot Point S3	1.0633
Daily Pivot Point R1	1.0715
Daily Pivot Point R2	1.0731
Daily Pivot Point R3	1.0756

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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