- EUR/USD continues to advance to hit fresh 6-month highs near 1.0550.
- A further rally could put the 1.0614 level back on the radar.
EUR/USD remains bullish and pushes towards fresh highs near 1.0550, a zone last seen in late June.
Gains in the pair are likely to rally after the breakout of the 200-day SMA and the 10-month resistance line. Above there are no major resistance levels until the June high at 1.0614 (Jun 27).
EUR/USD can continue to rise as long as it is above the 200-day SMA at 1.0365 today.
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.
