- EUR/USD is moving towards fresh multi-week highs around 1.0790.
- For now, the 1.0800 area is a difficult barrier to overcome.
He EUR/USD it resumes its bullish bias after the marked retracement on Friday and approaches the 1.0800 area.
A more serious bullish attempt is expected to quickly break the monthly high reached so far at 1.0790 (June 12), which is closely followed by the round 1.0800 level. The latter, in turn, seems supported by the temporary 100-day SMA at 1.0805.
Longer-term, constructive view remains above the 200-day SMA at 1.0522 today.
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.
