- EUR / USD crossed the short term resistance line near 1.0900.
- The next key target aligns with the 200-day SMA in the band 1.1015 / 20.
EUR / USD managed to regain solid upward traction, quickly leaving behind the 1.0900 mark amid improved confidence in the risk universe.
Having passed the consolidation theme around 1.0800, the pair has now opened the door to a potential test of the key barrier at 1.1000 and above.
That said, a break above 1.1000 should allow us to continue the movement towards the 1.1015 / 20 band, where the monthly high and the 200 day SMA coincide.