EUR/USD keeps navigating within the recent choppy range, looking to extend further north the ongoing rebound from last week’s monthly lows in the 1.1740/35 band. Target emerges at the 1.19 mark and above, as FXStreet’s Pablo Piovano notes. Key quotes “The continuation of the upside momentum in EUR/USD should target recent tops in the 1.1925/20 band (September 10). If the upside impetus gathers extra pace, then the investors’ focus will shift to the August’s peak at 1.1965 ahead of the 2020 high near 1.2010 recorded on September 1.” “The constructive view on EUR/USD is expected to remain unchanged as long as the critical 200-day SMA, today at 1.1224, holds the downside.” “On the opposite side, a breach of monthly lows in the 1.1740 should open the door to a potential deeper retracement to the more relevant contention area in the 1.1700 neighbourhood. A move to the latter, however, remains unfavourable at least in the short-term horizon.” 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 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin gets back in the game FX Street 1 year EUR/USD keeps navigating within the recent choppy range, looking to extend further north the ongoing rebound from last week’s monthly lows in the 1.1740/35 band. Target emerges at the 1.19 mark and above, as FXStreet’s Pablo Piovano notes. Key quotes “The continuation of the upside momentum in EUR/USD should target recent tops in the 1.1925/20 band (September 10). If the upside impetus gathers extra pace, then the investors’ focus will shift to the August’s peak at 1.1965 ahead of the 2020 high near 1.2010 recorded on September 1.” “The constructive view on EUR/USD is expected to remain unchanged as long… Top 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.
