EUR/USD Price Analysis: Immediately to the upside comes 1.0640
|- EUR/USD reverses two daily drops in a row and revisits 1.0550.
- The surpass of 1.0600 should open the door to extra gains.
EUR/USD sets aside two consecutive daily pullbacks and retests the mid-1.0500s at the beginning of the week.
In case bulls maintain control, the pair should retarget the 1.0600 barrier ahead of the weekly high of 1.0639 (October 12).
Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0822.
EUR/USD daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.