At the time of writing, the EUR / USD is gaining 0.10% on the day at 1.1890. The Bulls need a decisive break above July high around 1.1910 to extend the upside toward the mid-August peak at 1.1966, reports Axel Rudolph, FICC Senior Technical Analyst at Commerzbank.
“The EUR / USD has passed the October peak at 1.1880, a rise above the target of the July 17 highs at 1.1908, early August and September 10. Higher up, the mid-August peak is at 1.1966 and the August maximum at 1.2014 “.
“A minor support below the 55-day moving average in 1.1785 it stands at the mid-October low of 1.1689 “.
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Credits: Forex Street
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