tradingconmike

EURUSD → Immediately to the upside comes 1.1000

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD advances further and reaches new monthly highs in the 1.0980/85 band on Tuesday.

The continuation of the upward bias could see the pair challenging the psychological threshold of 1.1000. Beyond this level comes the August top of 1.1064 (August 10).

So far, while above the significant 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.

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