EUR/USD Price Analysis: Next upside target is 1.0945

  • The EUR/USD pair is under pressure after new highs near 1.0900.
  • Further rallies should target the mid-1.0950s again in the near term.

He EUR/USD retraces some of the recent advance to three-month highs just below 1.0900 on Wednesday.

Continuation of the bullish bias could lead to a review of the weekly high of 1.0945 (Aug 30) sooner rather than later. Once breached, the pair could challenge the psychological threshold of 1.1000.

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

EUR/USD Daily Chart

EUR/USD

Overview
Latest price today 1.0848
Today I change daily Four. Five
Today’s daily variation -0.32
Today’s daily opening 1.0883
Trends
daily SMA20 1.0642
daily SMA50 1.0624
SMA100 daily 1.0792
SMA200 daily 1.0803
Levels
Previous daily high 1.0888
Previous daily low 1.0693
Previous weekly high 1.0756
Previous weekly low 1.0656
Previous Monthly High 1.0695
Previous monthly low 1.0448
Daily Fibonacci 38.2 1.0813
Fibonacci 61.8% daily 1.0767
Daily Pivot Point S1 1.0755
Daily Pivot Point S2 1.0627
Daily Pivot Point S3 1,056
Daily Pivot Point R1 1.0949
Daily Pivot Point R2 1.1016
Daily Pivot Point R3 1.1144

Source: Fx Street

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