EUR/USD Price Analysis: The surpass of 1.0713 exposes 1.0736

Market news

9 January 2023

EUR/USD Price Analysis: The surpass of 1.0713 exposes 1.0736

EUR/USD adds to the upside momentum near 1.0700.
Extra gains initially target the weekly high at 1.0713.

EUR/USD picks up extra upside traction and flirts with the 1.0700 barrier at the beginning of the week.

If the recovery gathers extra steam, then the pair should challenge the weekly top at 1.0713 (December 30). Once cleared, the next hurdle of relevance is seen at the December 2022 peak at 1.0736 (December 15).

In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0310.

EUR/USD daily chart

Currencies. Daily history for Monday, January 9, 2023

Commodities. Daily history for Friday, January 6, 2023

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