EUR/USD Price Analysis: Bulls retarget the 2023 high near 1.1100

Market news

3 May 2023

EUR/USD Price Analysis: Bulls retarget the 2023 high near 1.1100

EUR/USD picks up further impulse above 1.1000.
The immediate up-barrier aligns at the 2023 high at 1.1095.

EUR/USD adds to Tuesday’s decent advance and surpasses the key 1.1000 mark with certain conviction on Wednesday.

Further recovery appears on the table with the next resistance level of note emerging at the 2023 high at 1.1095 (April 26) 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 1.0424.

EUR/USD daily chart

Currencies. Daily history for Wednesday, May 3, 2023

Commodities. Daily history for Tuesday, May 2, 2023

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