• EUR/USD faces some corrective decline above 1.0900.
• Next target of note on the upside emerges at the 1.1000 barrier.

EUR/USD deflates a tad after printing a new 2023 peak near 1.0930 on Thursday.

The continuation of the uptrend now needs to rapidly clear the 2023 high at 1.0929 (January 26) to allow for a test of the weekly top at 1.0936 (April 21 2022).

A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 the figure sooner rather than later.

In the meantime, while above the short-term support line around 1.0675, extra gains should remain in store for the pair.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0309.

EUR/USD daily chart