FX:EURUSD   Euro / U.S. Dollar
We have a great zone for next week EUR/USD rallied this past week, breaking above several resistance zones and coming within a hair's breadth of breaching the 50-day and 200-day SMA. Bears need to keep prices below these technical indicators to contain upside momentum; failure to do so could spark a move toward trendline resistance at 1.0830. On further strength, attention will be on a key Fibonacci barrier near 1.0865.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.