Euro holds above 200-day moving average, signaling potential for further gains

8 articles · Updated · Reuters · Apr 28

The euro remains above its 200-day moving average at $1.1677, with traders eyeing a possible rise to $1.1830, last reached in July 2025.
Technical analysis shows this level is acting as key support, encouraging buyers and increasing confidence in the euro's outlook.
A sustained close above $1.1830 could shift focus to the September 2025 peak of $1.1919, while a drop below support would signal renewed bearish sentiment.

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