EUR/USD Price Analysis: There is a minor hurdle at 1.0767
- EUR/USD climbs to multi-week tops near 1.0760.
- Extra advance could see the 1.0770 area revisited near term.
EUR/USD pushes harder and advances to new eight-week highs near 1.0760 on Monday.
Further gains in the pair looks in the pipeline in the short term. Against that, there is a minor hurdle at the weekly high of 1.0767 (September 12) prior to the more relevant 200-day SMA at 1.0805.
In the meantime, while below the 200-day SMA, the pair’s outlook should remain negative.
EUR/USD daily chart
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.