tradingwithmike
Newbie
- Messages
- 6
- Likes
- 0
EURUSD adds to the ongoing optimism and reaches a new three-month peak around 1.0940 at the beginning of the week.
The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.
So far, while above the significant 200-day SMA, today at 1.0805, the pair’s outlook should remain constructive.
