VOT Research Desk
EUR/USD gets up further upside traction and pokes with the key barrier at 1.0500 the figure on Monday.
After clearing 1.0500, it is anticipated that the pair will turn its attention back to the weekly peak at 1.0614 (June 27), followed by the June peak at 1.0773 (June 9), and the May high at 1.0786. (May 30).
The prognosis for the pair should continue positive as long as it is above the 200-day Simple Moving Average (SMA) (1.0382).
|
Daily SMA20 |
1.0175 |
|
Daily SMA50 |
0.9964 |
|
Daily SMA100 |
1.0031 |
|
Daily SMA200 |
1.0389 |
