• EUR/USD fades the earlier advance to the 1.0930 zone.
• The continuation of the rebound targets 1.1065.

EUR/USD attempts to leave behind three consecutive sessions of losses on Wednesday.

If the rebound gathers extra steam, it could encourage the pair to dispute the weekly peak at 1.1065 (August 10). Further north from here comes the weekly high of 1.1149 (July 27). Once this region is cleared, the pair’s downside pressure is expected to alleviate.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0784.

EUR/USD daily chart