- EUR/USD eases Thursday’s decline and approaches 1.0900.
- The immediate bullish barrier remains near 1.0950.
He EUR/USD it manages to put aside some of the sharp pullback on Thursday and gradually approaches the 1.0900 sign on Friday.
The current momentum in the pair seems to favor a continuation of the northerly march for the time being. That said, the next hurdle is the weekly high at 1.0945 (August 30), ahead of the interim 55-day SMA at 1.0965 and the key psychological level at 1.1000.
Meanwhile, the pair is likely to maintain the bullish outlook as long as it holds above the 200-day SMA at 1.0816 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.
