EUR/USD Price Analysis: Extra gains face the next obstacle at 1.0880

Market news

13 June 2023

EUR/USD Price Analysis: Extra gains face the next obstacle at 1.0880

EUR/USD adds to Monday’s gains and surpasses 1.0800.
Further upside could dispute the 55-day SMA near 1.0880.

EUR/USD extends the bullish momentum north of the 1.0800 hurdle on Tuesday.

A more serious bullish attempt is expected to put the transitory 55-day SMA at 1.0878 to the test ahead of the weekly peak at 1.0904 (May 16).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0527.

EUR/USD daily chart

Currencies. Daily history for Tuesday, June 13, 2023

Commodities. Daily history for Monday, June 12, 2023

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