EUR/USD Price Analysis: Recovery targets 1.1000 and above

Market news

18 April 2023

EUR/USD Price Analysis: Recovery targets 1.1000 and above

EUR/USD leaves behind two sessions in a row with losses on Tuesday.
Extra gains are expected to retarget the key 1.1000 mark in the near term.

EUR/USD manages to regain upside traction and approaches the key 1.1000 region on turnaround Tuesday.

If the rebound gathers extra impulse, then the pair could embark on a potential test of the 1.1000 mark ahead of the 2023 high at 1.1075 (April 14).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0377

EUR/USD daily chart

Currencies. Daily history for Tuesday, April 18, 2023

Commodities. Daily history for Monday, April 17, 2023

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