The EUR/USD currency pair continues its upward momentum, surpassing the 1.1600 threshold during Thursday's Asian session, reaching a one-and-a-half-week high. This marks the fourth consecutive day of gains for the pair, driven by a weaker USD, which has prompted traders to seek opportunities in the Euro.
As the exchange rate climbs, market participants are now eyeing the 200-day simple moving average (SMA) as a crucial resistance level. Should the EUR/USD pair maintain this upward trajectory, it could signal further bullish sentiment in the market, potentially leading to increased trading activity as investors position themselves for any shifts in momentum.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 02:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.