EUR/USD Price Analysis: Further upside targets the 1.1010 area

Market news

3 July 2023

EUR/USD Price Analysis: Further upside targets the 1.1010 area

EUR/USD struggles to gather traction above 1.0900.
Extra gains should challenge the area above 1.1000.

EUR/USD reverses the earlier pullback and looks to consolidate the break above 1.0900 the figure on Monday.

Price action around the pair looks firmer for the time being. That said, the next resistance level of note comes at the psychological 1.1000 barrier ahead of the June peak at 1.1012 (June 22). North from here, the pair is expected to embark on a move to the 2023 top just below 1.1100 (April 26).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0596.

EUR/USD daily chart

Currencies. Daily history for Monday, July 3, 2023

Commodities. Daily history for Friday, June 30, 2023

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