- EUR/USD rises to two-day highs and revisits the 1.0550 zone.
- It is expected to continue rising to meet the next barrier at 1.0614.
EUR/USD reverses the weekly downtrend and recaptures the 1.0500 barrier and beyond on Wednesday.
The pair is likely to rally further after the recent break above the 200-day SMA and the 10-month resistance line. Conversely, there are no noteworthy resistance levels until the June high at 1.0614 (Jun 27).
EUR/USD will continue to rise as long as it holds above the 200-day SMA at 1.0355 today.
EUR/USD day 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.
