LeoPrime Daily Market Analysis

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EUR/USD : Raises up the next target above 1.1300


EURUSD target on the upside remains at the critical 200-week SMA at 1.1337. Ideally, the spot should clear the area above the 1.1400 handles in order to alleviate downside pressure and re-focus on 1.1500 and above. In case the selling bias makes a comeback, recent lows in the 1.1180 regions should offer strong contention, helped by 2019 lows at 1.1176. Immediate target on the upside remains at the critical 200-week SMA at 1.1337. Ideally, the spot should clear the area above the 1.1400 handles in order to alleviate downside pressure and re-focus on 1.1500 and above. In case the selling bias makes a comeback, recent lows in the 1.1180 regions should offer strong contention, helped by 2019 lows at 1.1176.

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