- EUR/USD adds to Tuesday’s advance and retests 1.0350.
- The next step higher is the 200-day SMA near 1.0400.
The EUR/USD It advances for the second session in a row and reaches a 3-day high around 1.0350.
The continuation of the bounce should initially target the key 200-day SMA at 1.0395 today. Breaking above this zone is necessary to challenge the November high at 1.0481 (15 Nov).
The outlook for the pair is expected to turn positive above the 200-day SMA.
EUR/USD daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
