The euro has continued trading higher against the US dollar today in the forex markets for a second straight day. The euro had fallen sharply to start the week against the dollar to its lowest level since the middle of September below the 1.3000 level.
The EUR/USD opened the day at the 1.3114 exchange rate and has advanced above the 1.3200 level to currently trade near 1.3213, according to currency data from Oanda at the end of the US trading session.
The euro’s rebound of the last two days has brought the common currency back above the significant 200-day moving average (red line) and out of the oversold territory on the relative strength index indicator (RSI) on the daily forex chart.
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