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- EUR/USD Price Analysis: Further gains target 1.1369
EUR/USD Price Analysis: Further gains target 1.1369
- EUR/USD remains bid and surpasses the 1.1300 mark.
- Above 1.1300 the pair targets the 1.1369 level.
EUR/USD keeps the bid bias unchanged for yet another session, this time finally leaving behind the key 1.1300 barrier to click new multi-day highs.
While the ongoing strength is deemed as corrective only, it seems it still has the legs to go further on. Against such a scenario, extra gains could extend to the January 20 high at 1.1369 ahead of the 1.1430 region, where the 100-day SMA and the 4-month resistance line coincide.
In the longer run, the negative outlook is seen unchanged below the key 200-day SMA at 1.1683.
EUR/USD daily chart
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