EUR/USD Technical Analysis: Upside in spot appears capped by 55-day SMA around 1.1380

The pair remains consolidative in the upper-1.1300s for the time being, although further gains need to clear the critical resistance at the 1.1380 region, where is located the 55-day SMA. Further north, the 100-day SMA at 1.1391 should offer interim resistance ahead of the more relevant hurdle in the 1.1500 neighbourhood. However, on a broader […]

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