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Analysis Team
July 6, 2020
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  • EUR/USD is adding to Friday’s gains and approaches the 1.1300 level.
  • The pair stays well supported near 1.1170 in the short-term.

EUR/USD is attempting to break above the recent consolidative pattern and looks to break the 1.13 hurdle on a more convincing fashion.

That said, there is an interim hurdle in the mid-1.1300s ahead of June peaks in the vicinity of 1.1420.

In the broader view, EUR/USD’s positive stance remains unchanged while above the 200-day SMA, today at 1.1039.

EUR/USD daily chart

 

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