Home EUR/USD Price Analysis: Next on the upside appears 1.1917

EUR/USD Price Analysis: Next on the upside appears 1.1917

Updated: 6 Nov. 2020 | 15:02

EUR/USD pushes higher and approaches the 1.19 mark.
Further upside could see the 1.1920 area re-tested in the near-term.

EUR/USD remains well bid amidst prevailing risk-on mood and reaches new 2-month peaks in the 1.1880/85 band.

If the upside pressure persists, the next target of relevance emerges at the late-September highs near 1.1920 ahead of the August’s top at 1.1965.

Looking at the broader scenario, extra gains in EUR/USD are likely while above the critical 200-day SMA, today at 1.1331.

EUR/USD daily chart

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