- EUR/USD adds to Wednesday’s gains above 1.1000.
- The continuation of the uptrend should target 1.1150.
He EUR/USD rallies further and breaches the key 1.1000 barrier on Thursday.
Additional gains now need to quickly break the August high at 1.1064 (August 10) to allow for a quick challenge of the weekly high at 1.1149 (July 27). Once the latter is surpassed, the bearish pressure on the pair is expected to ease.
Longer-term, the positive view remains above the 200-day SMA at 1.0766 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.
