EUR/USD Price Analysis: Attention Now Shifts To 1.1064

EUR/USD comes under pressure after hitting new monthly highs.

Extra gains are expected to revisit the August top at 1.1064.

 gives away part of the earlier advance to monthly tops near 1.1020 and returns to the sub-1.1000 region on Wednesday.The continuation of the upward bias appears in store for the time being and could see the pair challenging the August peak of 1.1064 (August 10) in the short-term horizon. Once this level is cleared, spot could embark on a probable visit to the weekly high of 1.1149 (July 27).So far, while above the significant 200-day SMA, today at 1.0814, the pair’s outlook should remain constructive.
 EUR/USD daily chart(Click on image to enlarge)

EUR/USD

OVERVIEW Today last price 1.098 Today Daily Change 55 Today Daily Change % -0.07 Today daily open 1.0988 TRENDS Daily SMA20 1.0806 Daily SMA50 1.0666 Daily SMA100 1.0792 Daily SMA200 1.0814 LEVELS Previous Daily High 1.1009 Previous Daily Low 1.0934 Previous Weekly High 1.0965 Previous Weekly Low 1.0852 Previous Monthly High 1.0695 Previous Monthly Low 1.0448 Daily Fibonacci 38.2% 1.0981 Daily Fibonacci 61.8% 1.0963 Daily Pivot Point S1 1.0946 Daily Pivot Point S2 1.0903 Daily Pivot Point S3 1.0871 Daily Pivot Point R1 1.102 Daily Pivot Point R2 1.1052 Daily Pivot Point R3 1.1095

More By This Author:EUR/JPY Price Analysis: Decent Contention Remains Near 161.20 Euro Retreats From Earlier Highs Near 1.1020, Looks At German CPI, US GDP Crude Oil Futures: Further Upside Not Favored