Categories: Markets

EUR/USD Price Forecast: Next upside target emerges at 1.1150

EUR/USD Price Forecast: Next upside target emerges at 1.1150
  • EUR/USD adds to Wednesday’s gains above 1.1000.
  • The continuation of the uptrend should target 1.1150.

He EUR/USD rallies further and breaches the key 1.1000 barrier on Thursday.

Additional gains now need to quickly break the August high at 1.1064 (August 10) to allow for a quick challenge of the weekly high at 1.1149 (July 27). Once the latter is surpassed, the bearish pressure on the pair is expected to ease.

Longer-term, the positive view remains above the 200-day SMA at 1.0766 today.

EUR/USD daily chart

EUR/USD

Overview
Last price today 1.1016
Today I change daily 97
today’s daily variation 0.38
today’s daily opening 1.0974
Trends
daily SMA20 1.1069
daily SMA50 1.0953
daily SMA100 1.0926
daily SMA200 1.0761
levels
previous daily high 1.0995
previous daily low 1.0952
Previous Weekly High 1.1046
previous weekly low 1.0912
Previous Monthly High 1.1276
Previous monthly minimum 1.0834
Fibonacci daily 38.2 1.0979
Fibonacci 61.8% daily 1.0969
Daily Pivot Point S1 1.0952
Daily Pivot Point S2 1.0931
Daily Pivot Point S3 1.0909
Daily Pivot Point R1 1.0996
Daily Pivot Point R2 1.1017
Daily Pivot Point R3 1.1039

Source: Fx Street