Article details
The EUR/USD currency pair advanced by over 0.32% as buyers pushed price action off daily lows of 1.1526 toward the 1.1564 region. Despite this bullish momentum, the recovery is currently encountering strong technical resistance at the 100-day Simple Moving Average (SMA), which resides at 1.1567. If buyers can clear the 100-day SMA, the immediate focus will shift to the key psychological resistance level of 1.1600. A failure to break above this indicator could lead to a consolidation phase or a retest of lower support levels.
