- EUR / USD resumes the rally on Monday.
- Above, the focus is on the highs of the current year 1.2010 / 15.
EUR / USD regains lost ground on Monday and once again tests the 1.20 hurdle after reversing direction on Tuesday.
Initially, the continuation of the bull run appears to be on track to break above the 1.20 mark in a sustainable way. Higher up it is at the 2020 high around 1.2010 (Sept 1 high) before a minor hurdle near 1.2030 where it is a Fibonacci retracement level from the 2017-2018 rally.
In a broader perspective, additional gains in EUR / USD are likely as long as they are above the critical 200-day SMA, today at 1.1414.
EUR / USD day chart
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