EUR/USD extends the losing streak, trading lower around 1.0690 during the Asian session on Wednesday.
EUR/USD could reach to seven-day EMA as the Greenback continues the winning streak. Technical indicators suggest the bullish momentum in the market sentiment. A successful breach above the 1.0700 psychological level could support the pair to reach 38.2% Fibonacci retracement. As the US Dollar continues to gain ground, the EUR/USD pair could reach the seven-day Exponential Moving Average at 1.0666, which emerges as the key support, following the 1.0600 psychological level.
The Moving Average Convergence Divergence line positions above the centerline and the signal line implying a bullish momentum in the EUR/USD pair. However, the EUR/USD pair seems to receive upward support as the 14-day Relative Strength Index lies above the 50 level, suggesting bullish momentum and reflecting a strong market sentiment. EUR/USD: Daily Chart EUR/USD: more levels to watch Overview Today last price 1.0688 Today Daily Change -0.0007 Today Daily Change % -0.07 Today daily open 1.
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