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EUR/USD Price Analysis: Focus now shifted to 1.2000

FX Street
Updated:
  • EUR/USD reclaimed the 1.19 mark and beyond on Tuesday.
  • Further upside is now targeting the key barrier at 1.20 the figure.

EUR/USD is prolonging the positive streak for yet another session on Tuesday, reclaiming at the same time the key barrier at the 1.19 mark and testing the area of 2020 peaks.

That said, a sustainable move beyond this area should shift the attention to the psychological mark at 1.2000, level last traded in early May 2018.

The bullish view on EUR/USD, in the meantime, is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1129.

EUR/USD weekly chart

 

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