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24 Jun 2020
EUR/USD Price Analysis: Rising bets for a test of 1.1400 and beyond
- EUR/USD managed to visit the mid-1.1300s on Tuesday.
- Further north is located the next hurdle at June’s top at 1.1422.
The recovery in EUR/USD from the 1.1170 region seems to have met an important resistance at so far weekly peaks near 1.1350 on Tuesday.
If the bull run picks up serious pace, then there is the palpable chance of another visit of monthly peaks in the 1.1420/25 band (June 10th).
As long as the 200-day SMA at 1.1030 holds the downside, further gains in the pair are well on the table.
EUR/USD daily chart
