- EUR/USD resumes gains and advances above 1.0200.
- The next target comes at the August high near 1.0300.
The EUR/USD regains buying interest and recovers some of the ground lost after Tuesday’s selling to the 1.0160 area.
The continuation of the recovery is expected to target the August high at 1.0293 (2 Aug). Above this last point you could accelerate your losses until the next hurdle at the 55-day SMA today at 1.0417.
In the long term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.0941.
EUR/USD daily chart
Technical levels
Source: Fx Street
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