Further gains expected beyond the 200-day SMA – Crypto News – Crypto News
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EUR/USD remains depressed and pierces parity EUR/USD remains depressed and pierces parity

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Further gains expected beyond the 200-day SMA – Crypto News

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3 years ago

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  • EUR/USD comes under pressure and returns to the sub-1.0400 area.
  • Immediately to the upside emerges the November peak at 1.0481.

EUR/USD faces some selling pressure and slips back to the area below the 1.0400 mark at the end of the week.

A close above the key 200-day SMA, today at 1.0386, in a convincing fashion is needed to shift the pair’s Outlook to positive and thus allow for additional gains to potentially visit the November high at 1.0481 (November 15) in the short-term horizon.

The surpass of the latter could put the round level at 1.0500 back on investors’ radar.

EUR/USD daily chart

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