EUR/USD Price Analysis: Next on the upside comes 1.0770

Market news

11 October 2023

EUR/USD Price Analysis: Next on the upside comes 1.0770

EUR/USD advances to two-week tops near 1.0630 midweek.
North from here comes the weekly peak around 1.0770.

EUR/USD adds to Tuesday’s gains and climbs to multi-session peaks in the 1.0625/30 band on Wednesday.

In case bulls maintain control, the pair should now retarget the weekly high of 1.0767 (September 12). Once cleared, spot could then move to the critical 200-day SMA (1.0823).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA.

EUR/USD daily chart

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