On Tuesday the EUR/USD had remained in the previous trading session’s range between 1.1365 and 1.1345. It had retreated to once more confirm the support of a dominant ascending pattern.
The forecast for a surge up to the 1.1380 mark remains in force. In general, that level could be reached, if the 55 and 100-hour SMAs push the pair higher.
However, the currency pair is too volatile for the mentioned simple moving averages to steadily push it higher. Moreover, the Brexit talks continue to cause moves on the EUR as often as the GBP.
