💶 Euro Closes Above Its 200 Daily Moving Average: Cable FX Macro

• Euro is posting a third consecutive day of gains to the dollar and is set to close above 1.0400. The move has sent the pair to finish Thursday session above its 200 daily moving average

• The EUR/USD 200-DMA is currently at 1.0393. The spot price tested and rejected the average about a week ago

• A close above the long-term moving average has not been seen since June 2021, back then euro quoted above 1.20 dollars