EUR/USD Price Analysis: Extra gains in store above the 200-day SMA

• EUR/USD adds to Tuesday’s advance and retests 1.0350.
• Next on the upside comes the key 200-day SMA near 1.0400.

EUR/USD advances for the second session in a row and climbs to 3-day highs around 1.0350.

The continuation of the rebound should initially target the key 200-day SMA, today at 1.0395. The surpass of this region is needed to challenge the so far November high at 1.0481 (November 15).

The pair’s outlook is expected to shift to positive above the 200-day SMA.

EUR/USD daily chart