EUR/USD climbed for the third session in a row and revisited the 1.0960 zone or monthly high on Monday.
Continuation of the upward bias may revisit the psychological threshold of 1.1000 before the August top of 1.1064 (August 10).
So far, while above the significant 200-day SMA, at 1.0810 today, the outlook for the pair should remain constructive.
© 2013-2021 FinanBrand. All Rights Reserved
Information on risk: ForexProNews.com cannot be held accountable for any harm or loss resulting from taking advantage of the information offered on this site. It provides market news analyses trading signals and Forex reviews of brokers. The information contained on this website is not always up-to-date or accurate. Additionally, the analysis reflects the views of the writer and doesn’t reflect the views or opinions of ForexProNews.com or its staff. Margin trading in currencies can be risky and not suitable for everyone. As the leveraged product’s losses could exceed the initial amount of deposit and capital is at risk. Before deciding whether or not to invest in Forex or other instruments of finance you should carefully think about your goals for investment, the level of your expertise and also your risk tolerance. We will provide you with relevant information about each broker we review. In order to provide this service at no cost, we receive advertising fees from brokers, which include those that are included in our rankings and the ones mentioned in this piece. We try our best to ensure that the information we provide is accurate, however, we strongly recommend you verify the information we provide by calling your broker directly.