- 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.
A break above the latter could put the 1.0500 level back on investors’ radar.
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.
