- EUR/USD keeps pushing higher and retakes 1.0500 and above.
- Immediately to the upside is now the weekly high at 1.0641.
EUR/USD picks up further pace and trespasses the key barrier at 1.0500 the figure on Tuesday.
Considering the pair’s ongoing price action, the continuation of the rebound appears likely in the very near term at least. Against that, the next hurdle emerges at the weekly high at 1.0641 (May 5) ahead of the temporary 55-day SMA, today at 1.0819.
Below the 3-month line around 1.0880, the pair is expected to remain under pressure and vulnerable to extra losses.
EUR/USD daily chart
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