14:53:45 02-08-2021
EUR/USD Price Analysis: Extra gains seen above 1.1908
- EUR/USD regains buying interest and approaches 1.1900.
- Interim target is now located at 1.1908, July’s top.
EUR/USD bulls retake control and pushes spot back to the vicinity of the 1.1900 mark on Monday.
A move above July’s top at 1.1908 (July 30) could pave the way for extra gains 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
