EUR/USD Price Analysis: 1.1000 level emerges immediately to the upside

  • EUR/USD accelerates its march north and surpasses 1.0980.
  • If it continues to rise, it could revisit 1.1000 in the short term.

He EUR/USD continues to advance and reaches new monthly highs in the 1.0980/85 area on Tuesday.

The continuation of the bullish bias could lead the pair to challenge the psychological threshold of 1.1000. Beyond this level lies the August high at 1.1064 (August 10).

For now, as long as it remains above the important 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.

EUR/USD Daily Chart

EUR/USD

Overview
Latest price today 1.0979
Today I change daily 49
Today’s daily variation 0.20
Today’s daily opening 1.0957
Trends
daily SMA20 1.0785
daily SMA50 1,066
SMA100 daily 1.0792
SMA200 daily 1.0812
Levels
Previous daily high 1.0959
Previous daily low 1.0925
Previous weekly high 1.0965
Previous weekly low 1.0852
Previous Monthly High 1.0695
Previous monthly low 1.0448
Daily Fibonacci 38.2 1.0946
Fibonacci 61.8% daily 1.0938
Daily Pivot Point S1 1.0935
Daily Pivot Point S2 1.0913
Daily Pivot Point S3 1.0901
Daily Pivot Point R1 1.0969
Daily Pivot Point R2 1.0981
Daily Pivot Point R3 1.1003

Source: Fx Street

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