EUR/USD Price Analysis: Outlook changes to constructive once above 1.0800

EUR/USD breaks the 1.0800 barrier, or multi-week highs.
Additional gains are expected above 1.0800.

EUR/USD rebounds and breaks the 1.0800 barrier for the first time since early September.

A clear break of the 200-day SMA, today at 1.0801, should change the pair’s outlook to a more constructive one and open the door to a possible challenge of the weekly high of 1.0945 (Aug 30).

EUR/USD Daily Chart

EUR/USD

Overview
Latest price today	1.0814
Today I change daily	138
Today’s daily change	1.07
Today daily opening	1.0699

Trends
daily SMA20	1.0627
daily SMA50	1.0621
SMA100 daily	1.0793
SMA200 daily	1.0802

Levels
Previous daily high	1.0706
Previous daily low	1.0665
Previous weekly high	1.0756
Previous weekly low	1.0656
Previous Monthly High	1.0695
Previous monthly low	1.0448
Daily Fibonacci 38.2	1,069
Fibonacci 61.8% daily	1.0681
Daily Pivot Point S1	1.0674
Daily Pivot Point S2	1.0649
Daily Pivot Point S3	1.0633
Daily Pivot Point R1	1.0715
Daily Pivot Point R2	1.0731
Daily Pivot Point R3	1.0756

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.

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