EURUSD Price Analysis: Key target aligns at the 200-day SMA

• EURUSD attempts some consolidation near 1.0400.
• Further upside targets the 200-day SMA at 1.0411.

EURUSD remains choppy and manages to pick up some pace and leave behind Thursday’s downtick.

The continuation of the recovery hinges on a breakout of the key 200-day SMA, today at 1.0411. Once cleared, the pair could then challenge the November top at 1.0481 (November 15).

North from here emerges the round level at 1.0500 prior to the weekly peak at 1.0614 (June 27).

EURUSD daily chart