EUR/USD Price Capped by 200-Day SMA as Dollar Strengthens

The EUR/USD price is facing resistance from its 200-day Simple Moving Average (SMA), capping the Euro's gains as the Dollar strengthens. To continue on a bearish path, the pair must clear the 100-day SMA at 1.1511, which would expose the August 13 swing low of 1.1494 and then the 50-day SMA at 1.1400. Below this level lies the psychological support at 1.1400.

On the other hand, buyers must push the pair above the 200-day SMA to target the 1.1700 psychological level and a decisive breakout would expose the May 6 high of 1.1796.