EUR/USD Rises to Near 1.1450 After Breaking Above Nine-Day EMA
EUR/USD gained ground on Monday, trading around 1.1440 during European hours, after breaking above the nine-day EMA. The pair remains capped by the 50-day EMA, keeping the near-term outlook cautious.
EURUSD
During European trading on Monday, EUR/USD climbed to approximately 1.1440, recovering from the previous day's losses. The move followed a break above the nine-day exponential moving average (EMA), which now acts as support.
However, the pair continues to face resistance at the 50-day EMA, limiting further upside in the short term. The technical setup suggests a cautiously bullish tone, with traders watching for a decisive close above the 50-day EMA to confirm a sustained uptrend.
Source: FXStreet Forex News