- Article Top Advertisement -
- EUR/USD rebounds and recovers 1.0600.
- The weekly high on Feb 14 just above 1.0800 caps the upside so far.
He EUR/USD manages to generate some bullish traction and recaptures the area above 1.0600 ahead of Thursday’s ECB announcement, hitting a fresh daily high at 1.0635.
Meanwhile, the occasional upside should break the weekly high of 1.0804 (Feb 14) to allow the short-term uptrend to continue.
- Article Inline Advertisement 1-
Looking to the longer term, the bullish view remains as long as EUR/USD is above the 200-day SMA at 1.0323 today.
EUR/USD daily chart
Source: Fx Street
- Advertisement -
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.
- Article Bottom Advertisement -
