EURUSD Continues Uptrend, Surpasses Moving Averages to Reach Highest Point in a Month
Monday, 15 July 2024, 08:17
EURUSD Surges to New High
The EURUSD pair is experiencing a sustained uptrend, with a notable breakthrough above its long-standing descending trendline.
Technical Analysis Highlights:
- Breaking Moving Averages: EURUSD surpasses both 50-day and 200-day SMAs.
- Bullish Momentum: Reaches highest point in a month.
The recent price action suggests a strong performance for the EURUSD pair, underpinned by the bullish breakout and moving average crossovers.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.