- EUR / USD continues to rise and reaches the 1.1970 region.
- The next relevant hurdle lines up at the 1.2000 level.
The EUR / USD rally took rite and reached multi-day highs around 1.1970.
If the recovery accelerates, then the pair faces the next hurdle at the psychological level at 1.20. If it breaks through, there are some minor levels at the 100-day SMA (1.2033) and a Fibonacci level at 1.2064.
Above the March highs in the 1.2110 / 15 band, the downward pressure is expected to ease.
EUR / USD day chart
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