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XREX Secures Singapore Approval: Leading APAC Crypto Payments

EUR/USD Price Analysis: Outlook shifts to constructive above 1.0800

Valbury |

Abstract：EUR/USD strengthens the pace and surpasses the 1.0800 hurdle for the first time since early September.

3ertdsa.jpg

- EUR/USD shot past the 1.0800 barrier, or multi-week highs.

- Extra gains are possible while above 1.0800.

EUR/USD strengthens the pace and surpasses the 1.0800 hurdle for the first time since early September.

A clear break of 200-day SMA, today at 1.0801, would shift the pair's outlook to a more constructive one and open the door to a challenge to the weekly high of 1.0945 (Aug 30).

EUR/USD Daily Chart

image.png
img_v2_ff2b99dc-3016-43b7-b9d9-35658d24d40g.png

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Forex Analysis

Previous Post

XREX Secures Singapore Approval: Leading APAC Crypto Payments

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