EUR/USD Technical Analysis: Remains bid near term, now targets 1.1853

• The pair keeps the rally well and sound this week and is now trading at shouting distance from the key barrier at 1.1800 the figure, always against the backdrop of a broad-based USD-selling.
• EUR/USD left behind the 1.1745/50 band and is now flirting with the key 1.1790 region. A surpass of this area should bring 1.1853 back to the radar.
• Further north, the critical 200-day SMA aligns at 1.1947.
• Supporting the upside momentum, spot moves above the daily cloud for the first time since April.

EUR/USD daily chart

Daily high: 1.1801

Daily low: 1.1772

Support Levels

S1: 1.1703

S2: 1.1628

S3: 1.1587

Resistance Levels

R1: 1.1819

R2: 1.1860

R3: 1.1935