EUR/USD Technical Analysis: The pair breaks above 1.10 and the resistance line… next stop the 55-day SMA?

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  • EUR/USD has intensified the upside after breaking above the critical barrier at 1.10 the figure and the key short-term resistance line in the 1.1020 region.
  • Above the latter, the downside pressure should mitigate and allow for a potential visit to the 55-day SMA at 1.1056.
  • If the upside impulse does not subside, the September’s top at 1.1109 should return to the radar.

EUR/USD daily chart

 

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