- The pair is prolonging the rebound from the 1.1180 region seen earlier in the week.
- Further upside remains on the cards and faces the initial target at the multi-month resistance line near 1.1330. Once this area is cleared, recent tops in the mid-1.1300s and the key 200-week SMA should re-emerge on the horizon.
- Further up aligns the critical 200-day SMA at 1.1351, considered the last defence for a test of March peaks in the mid-1.1400s.
EUR/USD daily chart
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