EUR/USD Price Analysis: Scope for a move to 1.1965 and above
by Pablo Piovano- EUR/USD extends the upside momentum and approaches 1.19.
- Further north aligns the August peak at 1.1965.
EUR/USD extends the rebound from last week’s lows and flirts with 2-day highs in the 1.1870/80 band.
Extra upside remains on the cards and initially targets the 1.19 mark ahead of the more relevant August’s top at 1.1965. If bulls remain in control, then another visit to the YTD highs beyond 1.20 should not be ruled out.
Looking at the broader scenario, the bullish view on EUR/USD, in the meantime, is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1205.
EUR/USD daily chart
EUR/USD
| Overview | |
|---|---|
| Today last price | 1.1872 |
| Today Daily Change | 44 |
| Today Daily Change % | 0.21 |
| Today daily open | 1.1847 |
| Trends | |
|---|---|
| Daily SMA20 | 1.1846 |
| Daily SMA50 | 1.1702 |
| Daily SMA100 | 1.139 |
| Daily SMA200 | 1.1204 |
| Levels | |
|---|---|
| Previous Daily High | 1.1874 |
| Previous Daily Low | 1.1812 |
| Previous Weekly High | 1.1918 |
| Previous Weekly Low | 1.1753 |
| Previous Monthly High | 1.1966 |
| Previous Monthly Low | 1.1696 |
| Daily Fibonacci 38.2% | 1.185 |
| Daily Fibonacci 61.8% | 1.1836 |
| Daily Pivot Point S1 | 1.1814 |
| Daily Pivot Point S2 | 1.1782 |
| Daily Pivot Point S3 | 1.1752 |
| Daily Pivot Point R1 | 1.1877 |
| Daily Pivot Point R2 | 1.1907 |
| Daily Pivot Point R3 | 1.1939 |