Home EUR/USD Technical Analysis: Next target on the upside emerges at 1.1337, 200-week SMA

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EUR/USD Technical Analysis: Next target on the upside emerges at 1.1337, 200-week SMA

FX Street

Published date: 9 Apr. 2019 | 08:57

The up move in EUR/USD surpassed last week’s highs in the mid-1.1200s, although resistance has so far emerged in the 1.1280 area, where sits the key 21-day SMA.
Extra gains are expected to reach initial hurdle at the critical 200-week SMA at 1.1337.
On a broader view, the pair keeps the negative stance while below the 6-month resistance line, today at 1.1408.

EUR/USD daily chart

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