14:21:59 05-12-2022
EUR/USD Price Analysis: Immediately to the upside aligns 1.0614
- EUR/USD keeps the bid bias unchanged around 1.0550.
- Extra gains are expected to meet the next hurdle at 1.0614.
EUR/USD manages to accelerate gains and visit the 1.0580/85 band at the beginning of the week.
Further upside in the pair is now likely to pick up pace following the recent surpass of the 200-day SMA and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).
Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0362.
EUR/USD daily chart
