EUR/USD Price Analysis: Solid hurdle emerges at 1.2270
|- EUR/USD keeps the tight range unchanged ahead of key data.
- Extra gains seen above tops in the 1.2260/70 region.
EUR/USD remains choppy and recedes from Wednesday’s highs beyond 1.2200 the figure.
Further north of 1.2200 should meet the 1.2260/70 band, area coincident with the resistance line off the March low. A clear of this zone should expose a potential move to the 1.2300 neighbourhood in the short-term horizon.
On the broader view, the constructive stance on EUR/USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1985.
EUR/USD daily chart
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