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EUR/USD Price Analysis: Room for a move to 1.1975

  • EUR/USD records new tops beyond 1.1900 on Friday.
  • Further upside is seen re-testing peaks around 1.1975.

EUR/USD finally surpasses the 1.1900 hurdle and clinches new highs at the end of the week.

The continuation of the upside could now extend to the late June peaks around 1.1975 ahead of the psychological 1.2000 barrier, where also sits the critical 200-day SMA.

Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004.

EUR/USD daily chart

EUR/USD

Overview
Today last price1.1899
Today Daily Change33
Today Daily Change %0.10
Today daily open1.1887
 
Trends
Daily SMA201.1821
Daily SMA501.1973
Daily SMA1001.1974
Daily SMA2001.2008
 
Levels
Previous Daily High1.1893
Previous Daily Low1.1841
Previous Weekly High1.183
Previous Weekly Low1.1752
Previous Monthly High1.2254
Previous Monthly Low1.1845
Daily Fibonacci 38.2%1.1873
Daily Fibonacci 61.8%1.1861
Daily Pivot Point S11.1854
Daily Pivot Point S21.1821
Daily Pivot Point S31.1802
Daily Pivot Point R11.1906
Daily Pivot Point R21.1926
Daily Pivot Point R31.1958

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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