EUR/USD Price Analysis: The 1.1000 level is just around the corner

Market news

12 April 2023

EUR/USD Price Analysis: The 1.1000 level is just around the corner

EUR/USD picks up pace and approaches the 1.1000 zone.
Next relevant target emerges at the YTD peak near 1.1030.

EUR/USD extends the bullish performance and prints new monthly highs around 1.0990 on Wednesday.

The likelihood of extra advances appears favoured for the time being. Against that, the immediate target now appears at the key 1.1000 mark back followed by the 2023 top at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0360.

EUR/USD daily chart

Currencies. Daily history for Wednesday, April 12, 2023

Commodities. Daily history for Tuesday, April 11, 2023

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