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From a technical perspective, EUR/USD pair has significantly rebounded back to 1.17323 level and maintained at the level above. The upward trend confronts some resistance level of 38.2% Fibonacci retracement level of 1.25518-1.13004.
The confluence of two MA, 20 days and 100 days started to deviate. The 20 MA broke the 100 from low suggested an upward fuel to give for the pair. The June monthly high 1.18152 would be the resistance to overcome if 1.17784 broke. A further 1.19262 could be expected on medium-term. The positive readings of RSI stop falling at 60 add credence to that up-move.
The possible resistance level should be at 1.1700 around with the second one at 23.6% Fibonacci level.

EUR aim at june high

MichaelZz

Dec 01 2020