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- EURUSD Price Analysis: Strong upside momentum now targets 1.0614
EURUSD Price Analysis: Strong upside momentum now targets 1.0614
- EURUSD quickly sets aside Monday’s drop and surpasses 1.0400.
- The continuation of the uptrend could now look at 1.0600 and above.
EURUSD resumes the upside and clinches new multi-month peaks north of the 1.0400 hurdle on turnaround Tuesday .
The continuation of the recovery looks the most likely scenario in the very near term. Against that, a close above the always relevant 200-day SMA, today at 1.0427, should spark further gains in the short-term horizon.
In such a scenario, there are no up barriers of note until the weekly top at 1.0614 (June 27).
EURUSD daily chart
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