- EUR/USD has reclaimed the 1.1200 mark earlier on Wednesday.
- Further up comes 1.1240, December 2019 highs.
The steep move-up in EUR/USD regained the 1.1200 mark and managed to advance to fresh monthly peaks near 1.1230.
A sustainable break above the 1.1200 level should shift the focus of attention to the December’s 2019 peak at 1.1239.
While further gains are likely above the 200-day SMA, today at 1.1010, the proximity of overbought levels, as gauged by the RSI, carries the potential to spark a corrective downside.
EUR/USD daily chart
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