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Technical Analysis: EUR/USD

The pair reached the 1.3700 level and could test the 1.3740 resistance in a short-term. Breaking above 1.3740 would open...

The pair reached the 1.3700 level and could test the 1.3740 resistance in a short-term. Breaking above 1.3740 would open a door for additional gains ahead of the recent high at 1.3860. Otherwise, we could see a new setback to the 100-Day SMA by 1.3540 or beyond towards the 50-Day SMA by 1.3400.

Edward Smith, technical analyst of company Admiral Markets.

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