- EUR/USD rebounds from the 1.1720 region and retakes 1.1800.
- Further north emerges the 2020 peak near 1.1920 (August 6).
EUR/USD has managed to regain ground lost after recording multi-day lows near 1.1720 earlier on Thursday.
The 1.1700 neighbourhood emerged as a strong area of contention for the time being, allowing bulls to return to the markets and push EUR/USD back to the 1.18 zone. That said, another move to yearly highs near 1.1920 should not be ruled out in the short-term.
Looking at the broader picture, while above the critical 200-day SMA, today at 1.1110, the positive stance in EUR/USD should remain unaltered.
EUR/USD daily chart