- EURUSD Price Analysis: Strong upside could see the August top revisited
Market news
11 November 2022
EURUSD Price Analysis: Strong upside could see the August top revisited
- EURUSD accelerates the upside to the boundaries of 1.0300.
- The August top at 1.0368 emerges as the next target.
EURUSD adds to Thursday’s strong advance and flirts with the key barrier at the 1.0300 neighbourhood at the end of the week.
The continuation of the recovery looks the most likely scenario in the very near term. Against that, further upside could motivate the pair to challenge the August high at 1.0368 (August 10) ahead of the always relevant 200-day SMA, today at 1.0437.
In the longer run, the pair’s bearish view should remain unaltered while below the latter.
EURUSD daily chart
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