• EUR/USD leaves behind initial losses and approaches 1.1000.
• Further gains are seen targeting the 2023 peak near 1.1070.

EUR/USD adds to Thursday’s advance and trades at shouting distance from the key 1.1000 mark.

Further consolidation should not be ruled out for the time being. The breakout of this theme exposes a probable move to 1.1000 ahead of the 2023 high at 1.1075 (April 14). On the downside, the 1.0900 zone emerges as quite a decent contention so far.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0391.

EUR/USD daily chart