- The upside momentum in EUR/USD is gather further traction on Tuesday, quickly leaving behind the key barrier at 1.1200 the figure and re-shifting its focus on the 1.1300 neighbourhood.
- Immediately on the upside lies the key multi-month resistance line at 1.1293. A surpass of this zone on a convincing fashion should alleviate downside pressure and refocus the attention to 1.1300 and beyond.
- The resumption of the selling pressure should face initial contention in the 1.1220 region, where coincide a Fibo retracement of the 2019 drop and the key 55-day SMA.
EUR/USD daily chart
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