EUR/USD Price Analysis: Extra gains target the 2023 high near 1.1100
|- EUR/USD extends Friday’s upside momentum to 1.1050.
- Further strength could see the YTD high near 1.1100 revisited.
EUR/USD maintains the bid bias well in place and revisits the mid-1.1000s at the beginning of the week.
Further recovery appears on the table for the time being. The surpass of with the 2023 peak at 1.1095 (April 26) should encourage the pair to rapidly leave behind the round level at 1.1100 before embarking on a potential visit to the weekly high at 1.1184 (March 21 2022)
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0436.
EUR/USD daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.