EUR/USD Price Analysis: Room for another visit to 1.19 (and above)

• EUR/USD rebounds from the 1.1720 region and retakes 1.1800.
• Further north emerges the 2020 peak near 1.1920 (August 6).

EUR/USD has managed to regain ground lost after recording multi-day lows near 1.1720 earlier on Thursday.

The 1.1700 neighbourhood emerged as a strong area of contention for the time being, allowing bulls to return to the markets and push EUR/USD back to the 1.18 zone. That said, another move to yearly highs near 1.1920 should not be ruled out in the short-term.

Looking at the broader picture, while above the critical 200-day SMA, today at 1.1110, the positive stance in EUR/USD should remain unaltered.

EUR/USD daily chart