The EUR/USD currency pair is seizing the opportunity for recovery after a period of sharp decline. This resurgence is being strongly driven by the downward pressure on the US Dollar, opening up a wide door for the Euro to push prices back towards the highs.
The target for the EUR/USD pair is the vicinity of the SMA 50 area, close to the 0.5-0.618 Fibonacci level. This marks a significant step in restoring strength and momentum for the Euro, laying the groundwork for further growth phases.