EUR/USD Technical Analysis: Rebound could extend to the 1.1280/90 area

FX Street

Published date: 6 Aug. 2019 | 11:32

EUR/USD continues it march north so far today, although initial resistance has emerged around 1.1250, promoting some daily correction.
If the selling impetus picks up extra pace, the next target of relevance will be the 1.1280/90 band, where sit late-July tops.
Above this area, the selling pressure is expected to ease and could allow for a potential move to the key 200-day SMA just below 1.13 the figure.

EUR/USD daily chart

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