- EUR / USD is navigating the area of new monthly highs near 1.2180.
- Further north is the February peak at 1.2243.
EUR / USD managed to hit new monthly highs near 1.2180 early in the session, extending the recovery from last week’s lows in the 1.1985 / 80 band.
The current context allows the continuation of the uptrend, at least in the very short term, with the next barrier in the 1.2200 area. Above this level, the February high at 1.2243 emerges as immediate resistance for the euro.
Constructive stance on EUR / USD is forecast to remain intact as long as it trades above the 200-day SMA, today at 1.1946.
EUR / USD day chart
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