EUR/USD Technical Analysis: Next target on the upside emerges at 1.1337, 200-week SMA

• The up move in EUR/USD surpassed last week’s highs in the mid-1.1200s, although resistance has so far emerged in the 1.1280 area, where sits the key 21-day SMA.
• Extra gains are expected to reach initial hurdle at the critical 200-week SMA at 1.1337.
• On a broader view, the pair keeps the negative stance while below the 6-month resistance line, today at 1.1408.

EUR/USD daily chart