EUR/USD Price Analysis: Immediately to the upside comes 1.1000

Market news

28 November 2023

EUR/USD Price Analysis: Immediately to the upside comes 1.1000

- EUR/USD accelerates its march north and surpasses 1.0980.

- Further upside could see 1.1000 revisited in the short term.

EUR/USD advances further and reaches new monthly highs in the 1.0980/85 band on Tuesday.

The continuation of the upward bias could see the pair challenging the psychological threshold of 1.1000. Beyond this level comes the August top of 1.1064 (August 10).

So far, while above the significant 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.

EUR/USD daily chart

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