EUR/USD Price Analysis: The 1.1000 level is just around the corner

  • EUR/USD is rallying and is approaching the 1.1000 area.
  • The next relevant target is at the yearly high near 1.1030.

He EUR/USD continues its uptrend and hits new monthly highs around 1.0990 on Wednesday.

The probability of further advances seems favorable for the time being. Rather, the immediate target seems to be at the key signal of 1.1000, followed by the 2023 high at 1.1032 (2 Feb).

Longer-term, constructive view remains above the 200-day SMA at 1.0360 today.

EUR/USD daily chart

EUR/USD

Overview
Last price today 1.0972
Today I change daily 81
today’s daily variation 0.55
today’s daily opening 1.0912
Trends
daily SMA20 1.0819
daily SMA50 1.0736
daily SMA100 1.0692
daily SMA200 1.0358
levels
previous daily high 1.0928
previous daily low 1.0857
Previous Weekly High 1.0973
previous weekly low 1.0788
Previous Monthly High 1,093
Previous monthly minimum 1.0516
Fibonacci daily 38.2 1.0901
Fibonacci 61.8% daily 1.0884
Daily Pivot Point S1 1,087
Daily Pivot Point S2 1.0827
Daily Pivot Point S3 1.0798
Daily Pivot Point R1 1.0941
Daily Pivot Point R2 1,097
Daily Pivot Point R3 1.1013

Source: Fx Street

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