EUR/USD capped by 200-day MA

FXstreet.com (New York) - The EUR/USD has continued edging higher during Asian trading, establishing fresh highs at 1.3071.

EUR/USD unable to break much higher

The EUR/USD is currently notching a fresh advance of +0.05% in these moments, unable to break any higher than 1.3071 thus far. The Mataf.net analyst team has calculated the next resistances at 1.3080, then 1.3148, and finally 1.3192.

EUR/USD bounces to 200-day MA

According to the BNZ Research Team, “The EUR enjoyed some rare gains against the weakening USD, after the June European PMIs, suggested manufacturing activity is improving in the region. From 1.3010, the EUR/USD bounced back up to resistance around the 200-day moving average at 1.3065.”