EUR/USD Price Analysis: Next stop on the upside at 1.1420
|- EUR/USD advanced to fresh peaks around 1.1370 on Thursday.
- Further north is located the June’s top in the 1.1420 region.
The better tone in the riskier assets lifted EUR/USD to fresh multi-week highs around 1.1370 earlier on Thursday.
This price action has opened the door to a probable move to the 1.1400 mark and the June’s high at 1.1422 in the short-term horizon.
Further out, as long as the 200-day SMA, today at 1.1045, holds the downside, further gains in EUR/USD remains well on the table.
EUR/USD daily chart
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