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6 Apr 2021

EUR/USD Price Analysis: Extra gains target 1.1875, the 200-day SMA

EUR/USD looks to extend the bull run above the 1.18 yardstick.
Extra gains are likely above the 200-day SMA at 1.1875.

EUR/US’s upside momentum seems to have faltered around the 1.1820/25 band on Tuesday.

In spite of the bounce seen at the beginning of the week, it seems sellers remain in control of the price action, leaving the pair vulnerable to another bearish move in the near-term.

However, a convincing surpass of 1.1875 could see gains accelerate to the next hurdle of relevance in the 1.1980/90 band.

While below the 200-day SMA (1.1875) the short-term stance for EUR/USD is expected to remain negative.

EUR/USD daily chart

Apr 6, 2021

UK PM Johnson: No reason for us to deviate from lockdown roadmap

British Prime Minister Boris Johnson said on Tuesday that he doesn't see any reason for the UK to deviate from the lockdown roadmap, as reported by Re

USD/JPY to recover bullish potential on a break above 110.60

The USD/JPY pair keeps recovering from Monday’s slump, currently trading in the 110.50 price zone as the dollar recovers, but it needs to rise above 1