- EUR/USD provides to current positive factors and surpasses 1.1950.
- Additional up is positioned the 200-day SMA and the 1.2000 mark.
The weekly upside in EUR/USD faces a troublesome hurdle within the 1.1970/80 band. On this space converge current peaks and a Fibo stage (of the November-January rally).
If the restoration gathers additional steam, then there’s room for spot to problem the 200-day SMA, right this moment at 1.1994 forward of the psychological 1.2000 hurdle.
The outlook for EUR/USD ought to shift to unfavorable on a sustainable breakdown of the important thing 200-day SMA. Subsequent weeks are anticipated to be essential concerning this problem.
EURUSD day by day chart