EUR/USD Price Analysis: Next on the upside comes 1.1464

EUR/USD trades within a volatile session around 1.1340.
Next on the upside targets the weekly high at 1.1464.

Pablo Piovano FXStreet

EUR/USD trims losses to the 1.1300 neighbourhood and now manages to return to the 1.1340 region on Wednesday.

In case the recovery picks up further impulse, then the pair is forecast to revisit the weekly high at 1.1464 (November 15). The surpass of this area is seen targeting the round level at 1.1500 ahead of the 55-day SMA, today at 1.1535.

The probability of further losses remains unchanged as long as EUR/USD trades below the 2-month resistance line (off September’s peak) near 1.1560. In the longer run, the offered stance in spot is expected to persist while below the 200-day SMA at 1.1823.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1337
Today Daily Change	57
Today Daily Change %	-0.04
Today daily open	1.1342

Trends
Daily SMA20	1.139
Daily SMA50	1.1525
Daily SMA100	1.1659
Daily SMA200	1.1829

Levels
Previous Daily High	1.1383
Previous Daily Low	1.1235
Previous Weekly High	1.1324
Previous Weekly Low	1.1186
Previous Monthly High	1.1616
Previous Monthly Low	1.1186
Daily Fibonacci 38.2%	1.1326
Daily Fibonacci 61.8%	1.1292
Daily Pivot Point S1	1.1257
Daily Pivot Point S2	1.1172
Daily Pivot Point S3	1.1109
Daily Pivot Point R1	1.1405
Daily Pivot Point R2	1.1468
Daily Pivot Point R3	1.1553

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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