- EUR / USD remains offered bias unchanged above 1.1600.
- The 55-day SMA at 1.1715 is next to the upside.
The EUR/USD it manages well to move past the initial pessimism and picks up a rise to 1.1650 on Wednesday.
That being said, the pair could now attempt to clear the round level at 1.1700, ahead of the interim hurdle at the 55-day SMA, today at 1.1715. Further north is the short-term resistance line around 1.1740. A breakout of the latter should mitigate the selling pressure and therefore allow further gains for the next relevant resistance at 1.1750.
Meanwhile, the short-term outlook for the EUR / USD looks on the downside below the key 200-day SMA, today at 1.1921.
Daily EUR / USD chart
Technical levels
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