EUR/USD Price Analysis: Immediately to the upside comes in 1.1800

• EUR/USD’s upside faltered around the 1.1760/70 band.
• Further north aligns the next barrier near 1.1800.

EUR/USD faces some selling pressure near 1.1750 after three daily gains in a row.

The pair needs to surpass recent tops in the 1.1760/70 band to allow for another visit to last week’s tops in the 1.1800 neighbourhood. Further up comes in the July/August peaks around 1.1900, although a move to this area is not favoured in the very near term at least.

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 1.2002.

EUR/USD daily chart