- EUR/USD regains its smile and briefly surpasses the 1.0600 barrier.
- Once above the 1.0700 area, the pair’s selling bias could ease a bit.
- EUR/USD rebounds and manages to overcome the key barrier of 1.0600 on Monday.
In case the bulls push harder, the pair should encounter the next hurdle at the monthly high of 1.0694 (Oct 24), which sits just before the round level of 1.0700 and before the weekly highs of 1.0736 (Oct 20). September) and 1.0767 (September 12).
Meanwhile, below the 200-day SMA at 1.0811, the outlook for the pair should remain negative.
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.
