EUR/USD Price Analysis: Rising bets for a visit to 1.1900

• EUR/USD loses some upside traction above 1.1880.
• Extra upside could well see the 1.19 area re-tested.

The ongoing uptrend in EUR/USD appears to have entered an impasse in fresh tops at the 1.1880/85 band on Payrolls’ Friday.

The intense bullish sentiment around the pair points to the continuation of the upward move in the very near-term with the immediate target at the 1.1900 neighbourhood, where sits the July/August tops.

Further north there is an interim hurdle at the 100-day SMA, today at 1.1951 ahead of the psychological 1.2000 mark, where also sits the critical 200-day SMA.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001.

EUR/USD daily chart