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EUR/USD Price Analysis: Next upside target is 1.0945

  • EUR/USD eases Thursday’s decline and approaches 1.0900.
  • The immediate bullish barrier remains near 1.0950.

He EUR/USD it manages to put aside some of the sharp pullback on Thursday and gradually approaches the 1.0900 sign on Friday.

The current momentum in the pair seems to favor a continuation of the northerly march for the time being. That said, the next hurdle is the weekly high at 1.0945 (August 30), ahead of the interim 55-day SMA at 1.0965 and the key psychological level at 1.1000.

Meanwhile, the pair is likely to maintain the bullish outlook as long as it holds above the 200-day SMA at 1.0816 today.

EUR/USD daily chart


Last price today 1.0867
Today I change daily 54
today’s daily variation 0.21
today daily opening 1.0844
daily SMA20 1.0899
daily SMA50 1,097
daily SMA100 1.0924
daily SMA200 1.0814
previous daily high 1,094
previous daily low 1.0835
Previous Weekly High 1,093
previous weekly low 1.0766
Previous Monthly High 1.1065
Previous monthly minimum 1.0766
Fibonacci daily 38.2 1.0875
Fibonacci 61.8% daily 1.09
Daily Pivot Point S1 1.0806
Daily Pivot Point S2 1.0768
Daily Pivot Point S3 1.0702
Daily Pivot Point R1 1,091
Daily Pivot Point R2 1.0977
Daily Pivot Point R3 1.1015

Source: Fx Street

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