- EUR/USD keeps bullish movement intact so far this week.
- Further gains could revisit the 55-day SMA around 1.0970.
He EUR/USD rallies further and hits weekly highs near 1.0930, coincident with the 100-day SMA, on Wednesday.
The current momentum in the pair seems to favor a continuation of the northerly march for the time being. That being said, there is a temporary headwind at the 55-day SMA at 1.0968, which leads the psychological signal at 1.1000 and the August high at 1.1064 (August 10).
Meanwhile, the pair is likely to remain bid above the 200-day SMA at 1.0810 today.
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.
