EUR/USD Technical Analysis: Further gains seen visiting the 200-day SMA beyond 1.1200

• EUR/USD has advanced to new 2-month peaks in the 1.1180 region earlier on Monday, losing some upside impetus soon afterwards.
• The near term bullish view, however, remains well in play while above the 55-day SMA.
• If the buying impetus picks up extra pace, then the critical 200-day SMA at 1.1205 should return to the radar.

EUR/USD daily  chart