EUR/USD is trading above the 50 and 100 Simple Moving Average, and benefiting from upside momentum. However, it is capped under 1.18, which is a psychologically significant level, the highest in two weeks, and where the 200 SMA hits the price.
Further above, 1.1870 was a high point in mid-September and it is followed by 1.1895 and 1.1915.
Support awaits at 1.1735, which provides support in early September, followed by 1.1730, a cushion from last week, and by 1.1610.
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