EURUSD Price Analysis: Immediately to the upside comes the 100-day SMA
|- EURUSD sees its recent strong upside temporarily trimmed on Tuesday.
- Gains could accelerate beyond the 100-day SMA at 1.0040.
EURUSD meets robust resistance in the 1.0030/40 band for the time being, an area coincident with the 100-day SMA.
If the pair manages to surpass that region in a sustainable note, it could then challenge the October high at 1.0093 (October 27) prior to the September top at 1.0197 (September 12).
While above the 9-month resistance line, today near 0.9850, extra gains look likely.
In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0455.
EURUSD daily chart
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