EUR/USD Price Analysis: Rising bets for a move to 1.20

• EUR/USD recorded fresh YTD peaks well beyond 1.19 on Tuesday.
• Further upside is now targeting the key barrier at 1.20 the figure.

EUR/USD is looking to consolidate the recent breakout of the key barrier at the 1.19 yardstick, managing to record new peaks around 1.1965 on Tuesday.

That said, a sustainable move beyond this level should shift the attention to the psychological mark at 1.2000, level last traded in early May 2018.

The bullish view on EUR/USD, in the meantime, is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1134.

EUR/USD daily chart