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  • The rally in EUR/USD briefly surpassed the key 55-day SMA in the mid-1.10s last Friday and recorded monthly tops in the 1.1060/65 band, although it did not close above it.
  • If the pair manages to gather extra traction and clear the 55-day SMA, the next stop could be September’s peak at 1.1109.
  • Above this area emerges the 100-day SMA at 1.1139.

EUR/USD daily chart