EUR/USD Technical Analysis: Upside so far capped by the key 200-day SMA at 1.1362
- EUR/USD is recovering part of the ground lost on Wednesday to the 1.1290/80 band.
- Further consolidation around current levels carries the potential to morph into the inability of the pair to convincingly break above recent tops in the mid-1.1300s and motivate sellers to return to the markets.
- This view is reinforced by Wednesday’s bearish ‘outside day’.
- On the upside, the next hurdle of significance is t he 200-day SMA, today at 1.1362.

Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.


















