EUR/USD Price Analysis: Attention remains on the 2023 peak

Market news

25 April 2023

EUR/USD Price Analysis: Attention remains on the 2023 peak

EUR/USD comes under some pressure following recent tops.
Immediately to the upside emerges the 2023 high at 1.1075.

EUR/USD surrenders part of the recent positive streak following the breakout of the 1.1000 barrier.

The pair looks poised to extend the recovery further in the near term. That said, the immediate hurdle is expected at the 2023 high at 1.1075 (April 14) seconded by the round level at 1.1100.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0400.

EUR/USD daily chart

Currencies. Daily history for Tuesday, April 25, 2023

Commodities. Daily history for Monday, April 24, 2023

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