EUR/USD Eyes 1.1900 as Bulls Target Mid-September Highs
EUR/USD has advanced to 1.1820, approaching the critical 1.1840 supply zone that has capped recent rallies. The pair has gained 0.5% (60 pips) in early trading as euro strength combines with broad dollar weakness. Technical analysis indicates that a decisive break above 1.1840 would clear the path toward mid-September highs near 1.1900, representing a potential 80-pip move from current levels. The bullish momentum is supported by improving risk sentiment and expectations of diverging monetary policies between the ECB and Fed. Key support has formed at 1.1780, coinciding with the 20-day moving average. Volume patterns suggest increasing buyer interest above 1.1800. Traders are positioning for a potential breakout, with stop-losses clustered below 1.1780. A successful breach of 1.1840 resistance could trigger accelerated buying toward the psychologically important 1.1900 level.
Related Symbols:
EURUSD
This is a summary of the original article by investing.com. To read the complete article, please visit the source website:
Read Full Article at investing.comNews data provided by Marketaux. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
