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29 Jun 2020
EUR/USD Price Analysis: Potential move to the 1.1350 area
- EUR/USD picks up extra pace and approaches the 1.1300 zone.
- Further north emerges last week’s tops in the 1.1350 region.
EUR/USD has reclaimed some ground lost in past sessions and is looking to retake the key barrier at 1.1300 the figure on Monday.
The continuation of the buying pressure should push the pair to the next target of relevance near 1.1350, or last week’s highs.
On the broader picture, and as long as the 200-day SMA at 1.1033 holds the downside, further gains in the pair remain on the table.
EUR/USD daily chart