- EUR / USD has quickly passed the initial barrier at 1.1830.
- Looking up, the pair is now targeting 1.1917 (September 10 high).
The buying bias around the EUR / USD remains firm on Wednesday, managing to hit new multi-week highs around 1.1870.
As long as the bulls stay in control, the next intermediate target is at the September 10 high near 1.1920, before targeting the August high at 1.1965. Another visit to the 2020 high, above the critical level of 1.20, is not favored at this time
Looking at the broader outlook, the bullish view for EUR / USD is expected to remain unchanged as long as the pair moves above the 200-day SMA, today at 1.1289.
EUR / USD daily chart
Credits: Forex Street
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.
