EUR/USD briefly surpassed the 1.1200 mark on Tuesday. Above the 55-day SMA, there is room for a test of 1.1239. EUR/USD moved beyond 1.12 the figure in response to the surprising interest rate cut by the Federal Reserve on Tuesday. The move, however, lacked follow through and sparked the ongoing knee-jerk to the 1.1140 region. There is still room for the continuation of the rally as long as the pair navigates above the key 55-day SMA, today at 1.1037. That said, the next target of relevance should emerge at the December top at 1.1239. EUR/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s Scholz: Fiscal measures to counter coronavirus to be timely, targeted, temporary FX Street 3 years EUR/USD briefly surpassed the 1.1200 mark on Tuesday. Above the 55-day SMA, there is room for a test of 1.1239. EUR/USD moved beyond 1.12 the figure in response to the surprising interest rate cut by the Federal Reserve on Tuesday. The move, however, lacked follow through and sparked the ongoing knee-jerk to the 1.1140 region. There is still room for the continuation of the rally as long as the pair navigates above the key 55-day SMA, today at 1.1037. That said, the next target of relevance should emerge at the December top at 1.1239. EUR/USD daily chart Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
