- EUR / USD faces an intermediate hurdle in the 1.2080 region.
- The resumption of the uptrend points to the 1.2100 level.
EUR / USD remains in demand and advances to the 1.2050 region on Thursday, always paying attention to the European Central Bank (ECB) meeting and then to US data.
It is expected that if there is a bullish extension, the monthly peaks around 1.2080 will be reached. A clear break above this level should expose 1.2100.
Additional gains are forecast once that level is breached, with the next hurdle emerging at February highs around 1.2240 before mid-2021 peaks around 1.2350.
Above the 200-day SMA (1.1916), the EUR / USD position is expected to remain bullish.
EUR / USD day chart
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
