EUR/USD accelerates faster and breaks through the critical barrier of 1.1000 on Thursday.

Further advances must now soon clear the August high of 1.1065 (August 10) in order to challenge the weekly peak of 1.1150 (July 27). The pair’s negative pressure is expected to ease once the latter is removed.

In the long run, the optimistic outlook stays intact while trading above the 200-day SMA, which is now at 1.0800.

The rise should continue to approach 1.1150 or 1.12000.

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