Markets

EUR/USD Price Analysis: Next upside target is 1.0614

December 1, 2022
3:18 PM

EUR/USD extends bullish momentum above 1.0500.
The June high beyond 1.0600 is now shaping up as the next target.

The EUR/USD It trades on a firm footing and breaks above the 1.0500 barrier to hit fresh multi-month highs on Thursday.

The pair’s gains are likely to rally after the breakout of the 200-day SMA and the 10-month resistance line. Conversely, there are no resistance levels to highlight until the June high at 1.0614 (June 27).

EUR/USD can continue to rise as long as it is above the 200-day SMA at 1.0369 today.

EUR/USD daily chart

EUR/USD

Overview
Last price today	1.0505
today’s daily change	121
Today’s daily change in %	0.94
today’s daily opening	1.0407

Trends
daily SMA20	1.0249
daily SMA50	0.9989
daily SMA100	1,004
daily SMA200	1.0374

levels
previous daily high	1.0429
previous daily low	1,029
Previous Weekly High	1.0449
previous weekly low	1.0223
Previous Monthly High	1.0497
Previous monthly minimum	0.973
Daily Fibonacci of 38.2%	1.0376
Daily Fibonacci of 61.8%	1.0343
Daily Pivot Point S1	1.0322
Daily Pivot Point S2	1.0237
Daily Pivot Point S3	1.0184
Daily Pivot Point R1	1.0461
Daily Pivot Point R2	1.0514
Daily Pivot Point R3	1.0599

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.