EUR/USD Price Analysis: Next on the upside comes 1.0090

Market news

30 August 2022

EUR/USD Price Analysis: Next on the upside comes 1.0090

EUR/USD adds to the positive start of the week above parity.
Firm resistance is seen near the 1.0100 region so far.

EUR/USD rises to 2-day highs further north of the parity barrier on Tuesday.

Extra upside appears in store for the pair for the time being. Therefore, the recent weekly high at 1.0090 (August 26) now emerges as the next hurdle of significance prior to another weekly peak at 1.0202 (August 17).

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0813.

EUR/USD daily chart

Currencies. Daily history for Tuesday, August 30, 2022

Commodities. Daily history for Monday, August 29, 2022

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