Home EUR/USD Technical Analysis: Further gains seen visiting the 200-day SMA beyond 1.1200

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EUR/USD Technical Analysis: Further gains seen visiting the 200-day SMA beyond 1.1200

FX Street

Updated: 21 Oct. 2019 | 11:37

EUR/USD has advanced to new 2-month peaks in the 1.1180 region earlier on Monday, losing some upside impetus soon afterwards.
The near term bullish view, however, remains well in play while above the 55-day SMA.
If the buying impetus picks up extra pace, then the critical 200-day SMA at 1.1205 should return to the radar.

EUR/USD daily chart

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