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- EUR/USD Price Analysis: Further upside could see 1.1000 revisited
EUR/USD Price Analysis: Further upside could see 1.1000 revisited
- EUR/USD faces some corrective decline above 1.0900.
- Next target of note on the upside emerges at the 1.1000 barrier.
EUR/USD deflates a tad after printing a new 2023 peak near 1.0930 on Thursday.
The continuation of the uptrend now needs to rapidly 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 the figure sooner rather than later.
In the meantime, while above the short-term support line around 1.0675, extra gains should remain in store for the pair.
In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0309.
EUR/USD daily chart
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