- EUR/USD advances further north of the 1.0200 hurdle on Tuesday.
- The continuation of the uptrend could see 1.0300 retested near term.
EUR/USD flirts with the area of multi-day highs around 1.0250, posting gains for the second straight session on Tuesday.
The so far August high at 1.0293 (August 2) emerges as the magnet for bulls for the time being. Above this level, spot is expected to see its uptrend reinvigorated and could challenge the temporary 55-day SMA in the near term, today at 1.0386.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0913.
EUR/USD daily chart
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