EUR/USD Price Analysis: The continuation of the upside could revisit 1.0800

Market news

11 January 2023

EUR/USD Price Analysis: The continuation of the upside could revisit 1.0800

EUR/USD keeps the bid tone unchanged near 1.0750 on Wednesday.
The surpass of recent peaks around 1.0760 exposes a move to 1.0800.

EUR/USD is up for the fourth straight session and revisits the 1.0750 region midweek.

In case bulls remain in control, the breakout of the January high at 1.0760 (January 9) could put the June 2022 peak at 1.0773 (June 27) to the test closely followed by the May 2022 top at 1.0786 (May 30).

Extra gains from here should target the key round level at 1.0800.

In the meantime, further gains remain in store for the pair while above the 200-day SMA at 1.0308.

EUR/USD daily chart

Currencies. Daily history for Wednesday, January 11, 2023

Commodities. Daily history for Tuesday, January 10, 2023

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