- EUR / USD trim some gains after testing 1.1670.
- Ahead comes the 55-day SMA at 1.1711.
The EUR/USD it flirts once again in the area of recent multi-week highs around 1.1670 on Thursday.
If this area is broken, then the pair could try to break above the round level at 1.1700, ahead of the interim hurdle at the 55-day SMA, today at 1.1711. Further north is the short-term resistance line near 1.1730. A breakout of the latter should mitigate the selling pressure and therefore allow further gains for the next relevant resistance in the mid-1.1700s.
Meanwhile, the short-term outlook for the EUR / USD looks on the downside below the key 200-day SMA, today at 1.1918.
Daily EUR / USD chart
Technical levels
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