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More hikes now point to 1.1965

  • EUR / USD remains positive above 1.19 on Friday.
  • More possible raises are seen, with 1.1965 in sight.

EUR / USD is trading near recent two-month highs in the 1.1940 region at the close of the week.

The continuation of the bull run should put the recent peak at 1.1965 (Aug 18 high) back on the radar, while another visit to the 2020 high of 1.20 should start to emerge on the horizon in the coming weeks.

Looking at the broader scenario, additional gains are likely on the EUR / USD as long as it is above the critical 200-day SMA, today at 1.1403.

EUR / USD day chart

EUR/USD

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