- EUR/USD is adding to Friday’s gains and approaches the 1.1300 level.
- The pair stays well supported near 1.1170 in the short-term.
EUR/USD is attempting to break above the recent consolidative pattern and looks to break the 1.13 hurdle on a more convincing fashion.
That said, there is an interim hurdle in the mid-1.1300s ahead of June peaks in the vicinity of 1.1420.
In the broader view, EUR/USD’s positive stance remains unchanged while above the 200-day SMA, today at 1.1039.
EUR/USD daily chart