- EUR/USD extends bullish momentum to the 1.0700 area.
- Additional gains initially target the weekly high at 1.0713.
EUR/USD rebounds and flirts with the 1.0700 barrier earlier in the week.
If the recovery gathers steam, the pair should challenge the weekly high at 1.0713 (30 Dec). Once cleared, the next major hurdle stands at the December 2022 high at 1.0736 (15 December).
Meanwhile, the pair will remain bullish as long as it stays above the 200-day SMA at 1.0310.
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.
