• EUR/USD has so far met a tough barrier at the 21-day SMA in the 1.1280 region.
  • Extra gains should meet the next significance resistance at the key 200-day SMA at 1.1324. This is regarded as the last defence of a test of monthly tops near 1.1420.
  • Furthermore, while below the 200-day SMA spot is likely to re-visit monthly lows in the 1.1195/90 band ahead of 1.1181 (low June 18).

EUR/USD daily chart