FXstreet.com (Barcelona) - Yesterday, the EUR/USD eroded the 200-day moving average, at 1.2832, and the 2012 resistance line, at 1.2840, which suggests further near term gains are likely towards initially 1.2974/1.3004 (February, March and April lows). Resistances above should be 1.3057 (55-week MA) and 1.3150/77 (double Fib).
“Friday’s rally to above the July peak at 1.2748 has neutralized our medium term EUR/USD outlook”, wrote analyst Karen Jones, pointing to immediate upside pressure while above 1.2627.
“Friday’s rally to above the July peak at 1.2748 has neutralized our medium term EUR/USD outlook”, wrote analyst Karen Jones, pointing to immediate upside pressure while above 1.2627.
