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- EUR/USD is under pressure and returns to the 1.0400 area.
- Immediately to the upside comes the November high at 1.0481.
EUR/USD is facing some selling pressure and returns below 1.0400 by the end of the week.
A close above the key 200-day SMA today at 1.0386 is needed convincingly for the pair’s outlook to turn positive and therefore allow for additional gains to potentially visit the high. November at 1.0481 (November 15) on the short-term horizon.
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A break above the latter could put the 1.0500 level back on investors’ radar.
EUR/USD day chart
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Source: Fx Street
I am a writer for World Stock Market. I have been working in finance for over 7-8 years, and I have experience with a variety of financial instruments. My work has taken me to Japan, China, Europe, and the United States. I speak Japanese and Chinese fluently.
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