EUR/USD Price Analysis: New gains targeting 1.0945

The EUR/USD pair is trading up and down around 1.0850.
The next bullish barrier could be 1.0945.

The EUR/USD pair is trading without a clear direction around 1.0800 after Thursday’s daily decline.

Continuation of the bullish bias could see the weekly high of 1.0945 (Aug 30) revisited sooner rather than later. Once surpassed, spot could challenge the psychological threshold of 1.1000.

For now, as long as it remains above the important 200-day SMA, today at 1.0803, the pair’s outlook should remain constructive.

EUR/USD Daily Chart

EUR/USD

Overview
Latest price today	1.0846
Today’s daily change	31
Today’s daily variation	0.03
Today daily opening	1.0843

Trends
daily SMA20	1.0657
daily SMA50	1.0626
SMA100 daily	1.0792
SMA200 daily	1.0804

Levels
Previous daily high	1.0886
Previous daily low	1.0832
Previous weekly high	1.0756
Previous weekly low	1.0656
Previous Monthly High	1.0695
Previous monthly low	1.0448
Daily Fibonacci 38.2	1.0852
Fibonacci 61.8% daily	1.0865
Daily Pivot Point S1	1.0821
Daily Pivot Point S2	1.0799
Daily Pivot Point S3	1.0767
Daily Pivot Point R1	1.0876
Daily Pivot Point R2	1.0908
Daily Pivot Point R3	1,093

Source: Fx Street

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.