EUR/USD Technical Analysis: Upside remains capped around 1.1250

• EUR/USD is extending the consolidative theme above 1.1200 the figure today, while it remains capped by recent higher in the 1.1250 area.
• This area of resistance needs to be cleared to allow a potential visit to the critical hurdle at the 200-week SMA at 1.1337.
• Further out, the bearish view on EUR/USD stays unchanged as long as the 6-month resistance line, today at 1.1376, caps the upside.

EUR/USD daily chart