EUR/USD Price Analysis: A visit to 1.1000 seems to be shaping up

Market news

16 June 2023

EUR/USD Price Analysis: A visit to 1.1000 seems to be shaping up

EUR/USD advances to new highs around 1.0970 on Friday.
The continuation of the upside retargets the 1.1000 hurdle.

EUR/USD maintains the bullish outlook well and sound for the fifth consecutive session on Friday, this time hitting new 5-week tops around 1.0970.

Further gains remain well on the table for the time being. Against that, the pair is expected to challenge the psychological barrier at 1.1000 once the June peak at 1.0970 (June 16) is cleared.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0540.

EUR/USD daily chart

Currencies. Daily history for Friday, June 16, 2023

Commodities. Daily history for Thursday, June 15, 2023

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