- EUR/USD manages to reverse some of the recent pullback.
- Last week’s high beyond 1.0600 emerges as the next target.
The EUR/USD get your smile back and regain some of the lost ground on Friday.
If the bulls push further, the pair could attempt a move towards the minor hurdle of the June 16 high at 1.0601. Beyond this level comes the 55-day SMA at 1.0648 before the 4-month line around 1.0715. The pair needs to overcome the latter to open the door for a continuation of the recovery in the short term horizon.
Longer term, the bearish view on the pair is expected to prevail as long as it trades below the 200-day SMA at 1.1161.
EUR/USD daily chart
Technical levels
Source: Fx Street
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