• EUR/USD Price Analysis: The hunt for the 2023 peak

Market news

12 July 2023

EUR/USD Price Analysis: The hunt for the 2023 peak

  • EUR/USD advances to new highs near 1.1100.
  • The surpass of 1.1095 exposes 1.1184 near term.

EUR/USD gathers further steam and puts the 2023 top around 1.1090 to the test on Wednesday.

The surpass of the 2023 high at 1.1095 (April 26) should rapidly visit the round level at 1.1100 ahead of the weekly top at 1.1184 (March 31 2022).

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0635.

EUR/USD daily chart

 

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