Home EUR/USD Technical Analysis: The up move could extend to the 200-week SMA near 1.1340

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EUR/USD Technical Analysis: The up move could extend to the 200-week SMA near 1.1340

FX Street

Published date: 11 Apr. 2019 | 09:42

The pair left behind last week’s tops in the mid 1.1200s and is now gyrating around the 1.1280/90 band amidst the continuation of the selling bias around the greenback.
A breakout of the barrier at 1.1300 the figure should pave the way for a potential visit to the key 200-week SMA at 1.1338.
On a broader view, EUR/USD keeps the negative stance while below the 6-month resistance line, today at 1.1402.

EUR/USD daily chart

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