EUR/USD Price Analysis: Rising bets for a test of 1.1900
|- EUR/USD’s rally remains well and sound near the 1.1880 area.
- Further upside seen re-visiting the 1.1900 neighbourhood.
EUR/USD picks up extra pace and approaches the key barrier in the 1.1880/90 band.
The continuation of the upside is expected to re-test the July’s top just below 1.1900 the figure. Further north comes in the late June peaks around 1.1975 ahead of the critical 200-day SMA around 1.2000.
Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004.
EUR/USD daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.