EUR/USD Price Analysis: Bulls need to clear the 55-day SMA
|- EUR/USD regains some buying interest beyond 1.0600.
- There is an initial up-barrier at the 55-day SMA near 1.0715.
EUR/USD pick up pace and reverses, albeit partially, Thursday’s decline at the end of the week.
Occasional bullish attempts need to clear the provisional hurdle at the 55-day SMA, today at 1.0714, to allow for extra gains to, initially, the weekly top at 1.0804 (February 14).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0326.
EUR/USD daily chart
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