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- EUR/USD Price Analysis: Next on the upside comes 1.0640
EUR/USD Price Analysis: Next on the upside comes 1.0640
- EUR/USD climbs further and flirts with 1.0600 once again on Monday.
- Further gains are expected to retest the 1.0640 zone in the near term.
EUR/USD maintains the bullish bias well in place and confronts once again the key hurdle around 1.0600 at the beginning of the week.
In case the recovery gathers a more serious pace, then the pair is expected to dispute the October high at 1.0639 (October 12) prior to a probable move to the transitory 55-day SMA at 1.0707.
Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA at 1.0817.
EUR/USD daily chart
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