- The EUR / USD seeks to reverse the recent decline and picks up 1.1800.
- More hike initially appears at the 1.1880 area.
After falling to weekly lows in the 1.1750 zone, EUR / USD is now attempting to retake the 1.18 barrier and beyond.
If the upward pressure persists, the next relevant target emerges at the October 21 peaks around 1.1880 before current monthly highs beyond 1.19 the figure (November 9 high).
Looking on a broader horizon, additional gains are likely in the EUR / USD as it trades above the critical 200-day SMA, today at 1.1347.
EUR / USD day chart
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Credits: Forex Street
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