EUR/USD Price Analysis: Potential short-term top in place

• EUR/USD faces strong resistance in the 1.1870/80 band.
• A surpass of this zone could allow for another move above 1.19.

EUR/USD is once again approaching the key 1.1870/80 resistance area, extending at the same time the positive streak for the fifth session.

If cleared, the upside impetus should lift the pair to the 1.1900 neighbourhood and open the door to a probable test of the 2020 peaks near 1.1920.

On the other hand, another failure at this area could motivate EUR/USD to enter a consolidative phase, likely between 1.1690 and 1.1880.

EUR/USD daily chart