- EUR / USD looks volatile and remains capped by the 1.2240 region.
- The focus is now on the recent highs around 1.2250.
EUR / USD is having a day without a clear direction, fixing for now above 1.2200 on Friday.
Meanwhile, the bullish bias remains good and solid for now. In this context, a breakthrough of the 1.2250 region should allow a test of this year’s peaks in the 1.2350 area (January 6 high).
The constructive stance of EUR / USD is forecast to remain intact as long as the pair trades above the 200-day SMA, today at 1.1962.
However, it is noteworthy that the RSI for the day did not confirm the recent spikes, indicating that a corrective move could occur in the short term.
EUR / USD day chart
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