EUR/USD to preserve its bullish momentum towards 1.06 EURUSD
as long as 1.0560 support holds, FXStreet’s Eren Sengezer reports.“In case EUR/USD starts using the 200-period SMA on the four-hour chart located at 1.0580 as support, 1.06 aligns as interim resistance ahead of 1.0640 and 1.0660 .”
“The Relative Strength Index indicator holds above 50, confirming the bullish shift in the short-term outlook.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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