- EUR / USD continues to rise and quickly surpasses 1.21.
- The intermediate and immediate obstacles are at 1.2413 and 1.2476.
EUR / USD remains in demand and extends the rally above the 1.21 zone, levels last traded in April 2018.
The positive stance against EUR / USD remains unchanged and allows the uptrend to continue at least in the short term. That said, the next up is 1.2413 (April 2018 high) ahead of 1.2476 (March 2018 high). Higher up is the most relevant barrier at the 2018 high around 1.2550.
Looking at the broader scenario, additional gains are likely on the EUR / USD as long as they are above the critical 200-day SMA, today at 1.1426. The 200-week simple moving average at 1.1437 also reinforces this view.
EUR / USD day chart
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