- The recovery in EUR/USD regained the 1.10 mark and well above.
- The pair now faces the next hurdle at the 55-day SMA at 1.1035.
EUR/USD moved beyond 1.10 the figure for the first time since February 6th during early trade, meeting resistance in the 1.1050/55 band so far.
The pair has quickly bounced off the oversold territory and faces the next key barrier at the 55-day SMA, today at 1.1035. A close above this level is needed to allow for extra gains and spark a more serious recovery.
Further north emerges the critical barrier at the 200-day SMA just below the 1.1100 mark.
EUR/USD daily chart