EUR/USD Price Analysis: Above 1.0945 comes 1.1000

Market news

20 November 2023

EUR/USD Price Analysis: Above 1.0945 comes 1.1000

- EUR/USD adds to the monthly rally and revisits 1.0940.

- Next on the upside comes the 1.1000 threshold.

EUR/USD adds to the ongoing optimism and reaches a new three-month peak around 1.0940 at the beginning of the week.

The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.

So far, while above the significant 200-day SMA, today at 1.0805, the pair’s outlook should remain constructive.

EUR/USD daily chart

USD/IDR faces a tough contention zone around 15,320 – UOB

The US Dollar remains vulnerable to further selling – MUFG

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