- EUR / USD regains buying interest at the 1.1700 zone.
- More raises now point to the area of recent highs around 1.1830.
EUR / USD is trading a long way from the key 1.18 barrier, which follows a recent drop to the 1.1690 / 80 band, where solid containment appears to have emerged.
If the buying moment accelerates, then the pair should look towards the minor hurdle at the 55-day SMA (1.1795) before the most relevant resistance at the monthly highs at 1.1830 (Oct 9 high).
Looking at the broader scenario, the bullish view for EUR / USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1283.
EUR / USD day chart
Credits: Forex Street
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