- EUR/USD has advanced to new 2-month peaks in the 1.1180 region earlier on Monday, losing some upside impetus soon afterwards.
- The near term bullish view, however, remains well in play while above the 55-day SMA.
- If the buying impetus picks up extra pace, then the critical 200-day SMA at 1.1205 should return to the radar.
EUR/USD daily chart
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