EUR/USD Price Analysis: Rally now sees a potential move to 1.20

  • EUR/USD stays bid and briefly surpassed 1.19 earlier on Friday.
  • Further gains now target the critical barrier at 1.20 the figure.

EUR/USD recorded new +2-year highs just above the 1.1900 mark at the end of the week, extending the move further into the overbought territory, as per the daily RSI.

The pair looks firmer and there is now room for a more convincing breakout of the 1.19 neighbourhood ahead of the psychological yardstick at 1.2000.

Looking at the broader picture, as long as the 200-day SMA, today at 1.1086, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart


Today last price 1.1841
Today Daily Change 82
Today Daily Change % -0.05
Today daily open 1.1847
Daily SMA20 1.1481
Daily SMA50 1.1315
Daily SMA100 1.1102
Daily SMA200 1.1085
Previous Daily High 1.1848
Previous Daily Low 1.1732
Previous Weekly High 1.1658
Previous Weekly Low 1.1402
Previous Monthly High 1.1422
Previous Monthly Low 1.1097
Daily Fibonacci 38.2% 1.1804
Daily Fibonacci 61.8% 1.1777
Daily Pivot Point S1 1.177
Daily Pivot Point S2 1.1693
Daily Pivot Point S3 1.1654
Daily Pivot Point R1 1.1886
Daily Pivot Point R2 1.1926
Daily Pivot Point R3 1.2003



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

AUD/USD weaker ahead of RBA’s monetary policy decision

The Aussie is weak, despite receding dollar’s demand and the robust performance of US indexes. Coronavirus developments hit the commodity-linked currency ahead of the RBA.


Gold: This just might be as good as it gets for gold

The price of gold is trading at $1,975 within a range of between $1,960.54 and $1,986.76 at the time of writing, virtually flat on the day in consolidation having eeked out a fresh all-time high.

Gold News

USD/JPY struggling to retain the 106.00 level

The USD/JPY pair traded as high as 106.46 on Monday but struggles to retain gains above the 106.00 level amid lack of dollar’s demand.


Ethereum on its way to regaining $400 while BNB hit a new high at $22.5

BTC/USD is more stable than other coins right now but has been able to recover from its crash towards $10,500. It is currently trading at $11,369 and faces very little resistance until $14,000.

Read more

WTI drops below $40 on demand worries, OPEC+ output increase

Crude oil prices posted losses last week and seem to be struggling to shake off the bearish pressure on Monday. As of writing, the barrel of West Texas Intermediate (WTI) was trading at $39.85, losing 1.5% on a daily basis.

Oil News