EUR/USD Price Analysis: Next on the upside comes 1.0614

Market news

1 December 2022

EUR/USD Price Analysis: Next on the upside comes 1.0614

EUR/USD extends the upside momentum above 1.0500.
The June high past 1.0600 now emerges as the next target.

EUR/USD trades on a firm foot and manages to surpass the 1.0500 barrier to clinch fresh multi-month tops on Thursday.

Gains in the pair are now likely to pick up pace following the breakout of the 200-day SMA and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).

Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0369.

EUR/USD daily chart

Currencies. Daily history for Thursday, December 1, 2022

Commodities. Daily history for Wednesday, November 30, 2022

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