- EUR/USD clocked recent tops past 1.1480 on the finish of the week.
- Subsequent on the upside comes the 100-day SMA simply previous 1.1500.
EUR/USD managed to clinch recent tops within the 1.1480/85 band throughout early commerce, though it gave away these positive aspects afterwards on Friday.
Additional upside now appears to be like possible contemplating the current worth motion, with the subsequent goal on the 100-day SMA at 1.1505 forward of the extra related hurdle on the 200-week SMA at 1.1516. If the shopping for curiosity picks up further impulse from right here, then a transfer to October’s excessive at 1.1692 ought to begin shaping up sooner reasonably than later.
The long run destructive outlook for EUR/USD is seen unchanged whereas beneath the important thing 200-day SMA at 1.1731.
EUR/USD day by day chart