Search ForexCrunch
  • EUR/USD is extending the rebound from recent lows in the 1.0990/85 band on the back of renewed weakness surrounding the dollar.
  • That said, if the buying pressure keeps building up the next target will be at the key 55-day SMA, today at 1.1036.
  • Above this area, the upside bias is expected to return to the market.

EUR/USD daily chart