EUR/USD Price Analysis: A test of 1.1100 emerges on the horizon

Market news

27 April 2023

EUR/USD Price Analysis: A test of 1.1100 emerges on the horizon

EUR/USD looks to extend the uptrend beyond 1.1000.
Further gains could see the 1.1100 barrier retested near term.

EUR/USD adds to Wednesday’s strong upside and consolidates further the recent breakout of the key 1.1000 mark on Thursday.

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 1.1095 (April 25) closely followed 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 1.0408.

EUR/USD daily chart

Currencies. Daily history for Thursday, April 27, 2023

Commodities. Daily history for Wednesday, April 26, 2023

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