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30 Jul 2021

EUR/USD Price Analysis: Room for a move to 1.1975

  • EUR/USD records new tops beyond 1.1900 on Friday.
  • Further upside is seen re-testing peaks around 1.1975.

EUR/USD finally surpasses the 1.1900 hurdle and clinches new highs at the end of the week.

The continuation of the upside could now extend to the late June peaks around 1.1975 ahead of the psychological 1.2000 barrier, where also sits the critical 200-day SMA.

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

 

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