- EUR/USD adds to recent gains and surpasses 1.1600.
- Further up is located the monthly high at 1.1640.
EUR/USD advances for the second straight session and leaves behind the key 1.1600 barrier on Thursday.
Further recovery is expected to meet the interim hurdle at the 20-day SMA at 1.1631 ahead of the monthly peak at 1.1640 (October 4). The break above this area should meet the next target at the 55-day SMA, today at 1.1732 followed by the late-September tops in the mid-1.1700s.
In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1932.
EUR/USD daily chart
This article was originally published by Fxstreet.com. Read the original article here.
This “NEW CONCEPT” Trading Strategy Prints Money!… (INSANE Results!)
RULE-BASED Pocket Option Strategy That Actually Works | Live Trading