- EUR/USD regains the smile and reverses Wednesday’s decline.
- Extra recovery could see the monthly high around 1.0640 revisited.
EUR/USD keeps the weekly choppiness well in place and now regains the 1.0570 region following Wednesday’s daily decline.
In case the recovery gathers a more serious pace, then the pair is expected to challenge the October high at 1.0639 (October 12) prior to a probable move to the transitory 55-day SMA at 1.0721.
Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA at 1.0819.
EUR/USD daily chart
There is an initial hurdle around 1.0640 appeared first at: Source