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- EUR/USD Price Analysis: Further gains could see 1.0640 retested
EUR/USD Price Analysis: Further gains could see 1.0640 retested
- EUR/USD looks to extend the bounce to 1.0600 and beyond.
- The weekly high at 1.0641 emerges as the next target of note.
EUR/USD adds to the weekly recovery, although another test/surpass of the 1.0600 barrier remains elusive for the time being.
If the rebound picks up extra pace, then the pair should initially target the round level at 1.0600 prior to the more relevant weekly high at 1.0641 (May 5).
Above the 3-month line near 1.0930, the selling pressure is expected to alleviate somewhat. This area coincides, with the weekly high recorded on April 21.
EUR/USD daily chart
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