EUR/USD Price Analysis: June’s peak near 1.1420 is the next target

• EUR/USD is prolonging the upside to the 1.1300 hurdle.
• Immediately to the upside aligns June’s top at 1.1422.

Following a test of 2-week lows near 1.1170 last week, EUR/USD is now hovering around the 1.1300 neighbourhood.

The continuation of the recovery is expected to meet the monthly peaks in the 1.1420/25 band (June 10).

As long as the 200-day SMA at 1.1028 holds the downside, the prospects of further gains remain unchanged.

EUR/USD daily chart