- EUR/USD reverses some of the recent weakness and recovers to 1.0900.
- At the moment, there is decent containment around 1.0840.
He EUR/USD starts the week on the right foot and recovers the zone beyond 1.0900 on Monday.
The pair’s inability to recapture the area of recent highs around 1.1010 (Jun 22) could prompt sellers to return to the market and open the door for a possible revisit to recent weekly lows near 1.0840 (Jun 23). .
The loss of the latter should challenge the next notable support around the round 1.0800 level, which also looks bolstered by the 100-day SMA (1.0809).
Longer-term, positive view remains above the 200-day SMA at 1.0568 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.
