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29 Jul 2021
EUR/USD Price Analysis: Rising bets for a test of 1.1900
- EUR/USD’s rally remains well and sound near the 1.1880 area.
- Further upside seen re-visiting the 1.1900 neighbourhood.
EUR/USD picks up extra pace and approaches the key barrier in the 1.1880/90 band.
The continuation of the upside is expected to re-test the July’s top just below 1.1900 the figure. Further north comes in the late June peaks around 1.1975 ahead of the critical 200-day SMA around 1.2000.
Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004.
EUR/USD daily chart
