EUR/USD to continue erasing its losses on a clear break of the 1.0950 resistance

EUR/USD has continued to push higher after posting its first positive daily close of March on Tuesday. The pair faces the first resistance at 1.0950 and it could extend its recovery if sellers fail to defend this level, FXStreet’s Eren Sengezer reports.

Euro needs to clear 1.0950 hurdle to extend rebound

“On the upside, 1.0950 (static level) aligns as the first resistance ahead of 1.1000 (psychological level) and 1.1050 (50-period SMA).”

“Supports are located at 1.0900 (psychological level), 1.0840 (static level) and 1.0800 (22-month low, psychologically level).”