EUR/USD gains 0.32% as it approaches key resistance
The EUR/USD pair has registered gains of over 0.32% as it faces key resistance at the 100-day Simple Moving Average (SMA) at 1.1567.
The pair’s market structure suggests that the downtrend remains intact, with successive lower highs and lower lows.
If the pair clears key resistance levels, it may turn bullish, with the 200-day SMA at 1.1629 being the next area of interest.