- EUR / USD extends recent gains above the 1.1800 level.
- Immediate resistance is at the 1.1870 area.
The EUR / USD pair attempts a consolidation move above 1.1800 after bouncing off multi-week lows around 1.1770 on Monday.
Looking up, the pair now faces a provisional barrier at the 10-day SMA at 1.1837 ahead of the 1.1870 zone, where the short-term resistance line is located. Above this area, gains could accelerate and attempt another visit to the monthly highs above 1.19, at the same time leaving behind the Fibonacci level of the June-August slide at 1.1889.
Meanwhile, the short-term outlook for EUR / USD looks on the downside as it moves below the 200-day SMA, today at 1.1993.
EUR / USD daily chart
EUR / USD technical levels
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