During Tuesday morning hours, the EUR/USD currency pair exceeded the 1.1860 level.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.1817/1.1840 range. Thus, some upside potential could prevail in the market.
Meanwhile, note that the currency pair could face the resistance at the 1.1880 mark. If the given level holds, the pair could trade sideways within the following trading session.
