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TDUX
Aug 10 - 07:55 AM

EUR/USD - Close Above Friday's High Could Bring Key Resistance Into Play

By Peter Stoneham  —  Aug 10 - 06:04 AM

• EUR/USD looks set for back-to-back gains

• Fall-out from Friday's US data undermining the dollar

• Euro climbs above its daily cloud and 100-day moving average

• Bulls eye the key 200-day average, currently 1.1630-EBS pricing

• Market has been below the 200-DMA since May 14

• Friday's high 1.1580, matched early Monday: close above significant

• Euro zone investor morale turns positive in August, Sentix survey

• Index +0.9 points in Aug vs -3.1 in July, compared with a Rtrs poll f/c of -0.5
EUR/USD daily chart:


(Peter Stoneham is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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