- EUR / USD advanced towards the 1.1250 / 60 band on Wednesday.
- Further north, the summits of June 2019 emerge in the 1.1400 district.
The rally EUR / USD appears to have encountered a significant obstacle in the 1.1250 / 60 band, at the same time recording new monthly highs.
A lasting break above this area should shift attention to the June 2019 peak around 1.1400 before the 2020 peaks at 1.1495 (March 9).
While further gains are likely higher than the 200-day SMA, today at 1.1012, the pair is seen under some selling pressure as long as it remains close to overbought territory.