Home EUR/USD Price Analysis: Next on the upside aligns 1.1370

EUR/USD Price Analysis: Next on the upside aligns 1.1370

Published date: 13 Jul. 2020 | 14:07

EUR/USD is adding to Friday’s gains well above the 1.13 mark.
Further north is located 1.1370, last week’s peak.

EUR/USD is prolonging the rebound from Friday’s lows near 1.1250 and is gaining around a cent to the 1.1335/40 band on Monday.

Monday’s price action has opened the door to a probable move to the 1.1400 mark and the June’s high at 1.1422 in the short-term horizon.

Further out, as long as the 200-day SMA, today at 1.1048, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

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