- EUR/USD’s upside falters just ahead of 1.1100 once again.
- A sustainable advance seems likely once 1.1100 is cleared.
EUR/USD keeps the march north well in place and always with the immediate target at the 1.1100 barrier so far on Thursday.
Further recovery appears on the table for the time being. The surpass of with the 2023 high 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 1.0429.
EUR/USD daily chart
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- Source: https://www.fxstreet.com/news/eur-usd-price-analysis-the-11100-barrier-is-just-around-the-corner-202305041143
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