• EUR/USD leaves behind the earlier drop to the sub-1.0800 region.
• Further gains continue to target monthly peaks in the 1.0930 area.

EUR/USD bounces off earlier lows in the proximity of 1.0790 and regains the 1.0880 region in a volatile start of the new trading week.

The likelihood of extra advances appears favoured for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) prior to a potential test of the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0341.

EUR/USD daily chart