Analysts at Mizuho Corporate Bank note that the single currency managed to gain bullish momentum trading versus the greenback as it rose from minimums in the 1.2870 area hit at the beginning of January to 2-month maximums in the 1.3560 zone.

The specialists claim that if the pair EUR/USD closes the week above 1.3400 moving averages will turn up and euro will gain strength to climb higher.

According to Mizuho, it’s necessary to buy at 1.3500 with targets at 1.3600/1.3650 and 1.3750 stopping below 1.3350.



Chart. H4 EUR/USD

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