- EUR/USD’s upside momentum looks firm above 1.1800.
- Extra strength could extend to the 1.1900 area in the near term.
EUR/USD pushes higher and posts strong gains further north of 1.1800 the figure on Tuesday, up for the third session in a row.
The continuation of the recovery appears likely in the very near term, with the next target at the July/August peaks around 1.1900. Above this area there is an interim hurdle at the 100-day SMA, today at 1.1955 ahead of the 1.2000 neighbourhood, where also sits the critical 200-day SMA.
In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001.
EUR/USD daily chart
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