EUR/USD Price Analysis: Next on the upside comes 1.1000

Market news

27 November 2023

EUR/USD Price Analysis: Next on the upside comes 1.1000

- EUR/USD extends the bullish move to the 1.0960 zone.

- Extra advances could revisit the 1.1000 threshold.

EUR/USD climbs for the third session in a row and revisits the 1.0960 zone, or monthly highs, on Monday.

The continuation of the upward bias could see the psychological threshold of 1.1000 revisited ahead of the August top of 1.1064 (August 10).

So far, while above the significant 200-day SMA, today at 1.0810, the pair’s outlook should remain constructive.

EUR/USD daily chart

EUR/USD: Gains through last week’s 1.0965 high target a push on towards 1.11– Scotiabank

GBP/USD to enjoy additional gains towards 1.2720 – Scotiabank

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