- EUR / USD corrects lower after hitting new highs just below 1.2100.
- Temporary resistances are at 1.2413 and 1.2476.
EUR / USD is looking to extend the strong advance of the rally above the 1.2100 region.
The firm tone in the EUR / USD remains unchanged and allows the continuation of the uptrend in the short term. That said, interim resistance levels are at 1.2413 (April 2018 high) ahead of 1.2476 (March 2018 high). Higher up is the 2018 high around 1.2550.
Looking at the broader scenario, additional gains are likely on the EUR / USD as long as it remains above the 200-day SMA, today at 1.1420. The 200-week SMA at 1.1436 also reinforces this view.
EUR / USD daily chart
EUR / USD technical levels
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