EUR/USD Technical Analysis: Upside remains capped around 1.1250

FX Street

Published date: 8 Apr. 2019 | 10:37

EUR/USD is extending the consolidative theme above 1.1200 the figure today, while it remains capped by recent higher in the 1.1250 area.
This area of resistance needs to be cleared to allow a potential visit to the critical hurdle at the 200-week SMA at 1.1337.
Further out, the bearish view on EUR/USD stays unchanged as long as the 6-month resistance line, today at 1.1376, caps the upside.

EUR/USD daily chart

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