EUR/USD Price Analysis: Topside continues to look at 1.0930
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- EUR/USD extends the 2-day rebound to the boundaries of 1.0900.
- Further upside could see the 2023 high at 1.0929 revisited.
EUR/USD picks up extra upside traction and approaches once again the 1.0900 neighbourhood in pre-FOMC trading on Wednesday.
The continuation of the uptrend now needs to clear the 2023 high at 1.0929 (January 26) to allow for a test of the weekly top at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0313.
EUR/USD daily chart
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