EUR/USD Price Analysis: Next on the upside comes the 1.0804 level

Market news

21 March 2023

EUR/USD Price Analysis: Next on the upside comes the 1.0804 level

EUR/USD advances further and approaches 1.0800.
Immediately to the upside comes the weekly top at 1.0804.

EUR/USD climbs to 5-week tops in the 1.0785/90 band on Tuesday, extending the upside momentum for the fourth session in a row.

The continuation of the recovery could now see the weekly high at 1.0804 (February 14) revisited in the near term, while the surpass of this level should face the next obstacle not before the 2023 peak near 1.1030 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0327.

EUR/USD daily chart

Currencies. Daily history for Tuesday, March 21, 2023

Commodities. Daily history for Monday, March 20, 2023

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