The next target is now at 1.1965

  • EUR / USD is moving higher and reaches monthly highs near 1.1930.
  • Immediately to the upside is now the 1.1965 level (August 18).

The EUR / USD pair continues to strengthen and advances to new monthly highs in the 1.1925 / 30 region on Wednesday.

Surpassing this region in a sustainable manner should again point to the summer high of 1.1965 reached on August 18. Another visit to the 2020 high, above the round level of 1.20, should start to take shape if the previous level is surpassed any time soon.

Looking at the bigger picture, additional gains are likely to be seen as the EUR / USD sustains above the 200-day SMA, today at 1.1392.

EUR / UDD daily chart

EURUSD

EUR / USD technical levels

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