- EUR/USD is buying unchanged around 1.0550.
- Further gains are expected to hit the next hurdle at 1.0614.
EUR/USD manages to accelerate gains and visit the 1.0580/85 band early in the week.
The pair is likely to continue higher after the recent break above the 200-day SMA and the 10-month resistance line. Conversely, there are no resistance levels to highlight until the June high at 1.0614 (June 27).
EUR/USD will continue to rise as long as it is above the 200-day SMA, today at 1.0362.
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.
