EUR/USD Price Analysis: Bulls now look at 1.0800 and beyond

Market news

13 March 2023

EUR/USD Price Analysis: Bulls now look at 1.0800 and beyond

The upside momentum in EUR/USD picks up pace on Monday.
Next on the upside comes the 1.0800 mark.

EUR/USD extends the buying interest to fresh multi-week highs north of 1.0700 the figure at the beginning of the week.

The continuation of the uptrend appears favoured for the time being. Against that, a convincing move above Monday’s peak at 1.0737 should open the door the wekly high at 1.0804 (February 14). Further up, there are no resistance levels of note until the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0324.

EUR/USD daily chart

Currencies. Daily history for Monday, March 13, 2023

Commodities. Daily history for Friday, March 10, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.