EUR/USD Price Analysis: Outlook Shifts To Constructive Above 1.0800

  • EUR/USD shoots past the 1.0800 barrier, or multi-week highs.
  • Extra gains appear on the cards above 1.0800.
  •  picks up extra pace and surpasses the 1.0800 hurdle for the first time since early September.A clear breakout of the 200-day SMA, today at 1.0801, should shift the pair’s  to a more constructive one and open the door to a potential challenge of the weekly high of 1.0945 (August 30).
     EUR/USD daily chart

    EUR/USD

    OVERVIEW Today last price 1.0814 Today Daily Change 138 Today Daily Change % 1.07 Today daily open 1.0699 TRENDS Daily SMA20 1.0627 Daily SMA50 1.0621 Daily SMA100 1.0793 Daily SMA200 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 Daily Fibonacci 61.8% 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

    More By This Author:EUR/JPY Price Analysis: Upside Momentum Has Further Legs To Go Natural Gas Futures: Further Weakness Not Ruled Out Crude Oil Futures: Rebound In The Offing?

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.