EUR/USD Price Analysis: Rising odds for a move above 1.19

  • EUR/USD stays firm and advances further north of 1.1800.
  • The continuation of the trend should see the 2020 high re-tested.

EUR/USD is prolonging the upside momentum and looks to consolidate the recent breakout of the key hurdle at 1.18 the figure.

Against this, the bullish impetus is expected to gather traction and a leg higher to 1.19 and beyond should not be surprising in the short-term horizon.

Looking at the broader picture, while above the critical 200-day SMA, today at 1.1117, the positive stance in EUR/USD should remain unaltered.

EUR/USD daily chart

 

Join the Discussion

Your email address will not be published. Required fields are marked *

Back to top