- EUR / USD’s bullish momentum continues on Wednesday.
- Higher up is the monthly high at 1.1920 (November 9).
EUR / USD is moving higher and approaching key resistance at the 1.19 round level on Wednesday.
On the upside, the immediate hurdle is near the 1.19 level. If the bullish momentum gains additional traction, investors should shift focus to the monthly high around 1.1920 (Nov 9). Should it rise above that level, the EUR / USD is expected to try to move towards the August high of 1.1965 (August 18).
Looking at the broader scenario, additional gains in EUR / USD are likely as long as they are above the critical 200-day SMA, today at 1.1366.
EUR / USD daily chart
EUR / USD technical levels
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