EUR/USD Price Analysis: Interim hurdle comes at the 55-day SMA near 1.0880

Market news

14 June 2023

EUR/USD Price Analysis: Interim hurdle comes at the 55-day SMA near 1.0880

EUR/USD maintains the bid bias unchanged above the 1.0800 hurdle.
Further upside could likely see the 55-day SMA revisited in the near term.

EUR/USD adds to the weekly leg higher and looks to consolidate the breakout of the key 1.0800 mark on Wednesday.

A more serious bullish attempt is expected to quickly surpass the so far monthly high at 1.0823 (June 13), to then refocus on the transitory 55-day SMA, today at 1.0878. North from here comes the weekly top at 1.0904 (May 16).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0531.

EUR/USD daily chart

Currencies. Daily history for Wednesday, June 14, 2023

Commodities. Daily history for Tuesday, June 13, 2023

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