EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD is in a strong bullish trend, consistently making higher highs and trading well above the upward-sloping 24 and 100-period moving averages. The high RSI reading of around 68 further confirms this strong buying momentum. Following a recent breakout to a new high around 1.1811, the next major resistance target is at the 1.1900 level.



On any potential pullback, the area around 1.1687, along with the moving averages, should provide significant support.
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