- EUR / USD is looking to consolidate the breakout above the 1.18 level.
- A further bullish move could retest the 1.1880 region.
EUR / USD is advancing above the 1.18 level amid renewed weakness in the US dollar at the end of the week.
If upward pressure persists, the next relevant target is at the October high of 1.1880. A continuation of this trend could point to the monthly highs near the 1.1920 level.
Looking at the broader perspective, additional gains are likely in the EUR / USD as long as it remains above the 200-day SMA, today at 1.1351.
EUR / USD daily chart
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