Search ForexCrunch
  • EUR/USD is adding to Wednesday’s gains and approaches 1.1300.
  • Investors shifted their focus to the 1.1350 area, or recent tops.

Following another dip to the 1.1170 region, EUR/USD has regained buying interest and is now trading at shouting distance from the key barrier at 1.13 the figure.

Renewed risk-on sentiment now carries the potential to lift the pair to the initial test in the mid-1.1300s ahead of June’s peaks near 1.1420.

The 1.1170/65 band is seen as a relevant contention area, while on the broader scenario, the positive stance is seen unaltered while above the 200-day SMA at 1.1036.

EUR/USD daily chart