The EURUSD is extending to new highs within the U.S. session as European merchants wrap up for the day. The pair has pushed above key resistance ranges, together with the swing space between 1.03329 and 1.0343, the 100-hour transferring common at 1.03539, and the 50% retracement of the decline from the January 27 excessive at 1.0371. This break strengthens the bullish bias, and so long as the value holds above these ranges, consumers stay in management.
Key Ranges to Watch:
- Help: A transfer again under 1.0371, the 100-hour MA, and the swing space would shift the bias again to the draw back.
- Resistance: The subsequent upside targets are the 200-hour MA at 1.0402 and the 61.8% retracement of the January 27 decline at 1.0409. A sustained transfer above these ranges would reinforce the bullish momentum.
For now, consumers have the higher hand and might proceed to check greater ranges.