- EUR/USD advances further and approaches 1.0800.
- Immediately to the upside comes the weekly top at 1.0804.
EUR/USD climbs to 5-week tops in the 1.0785/90 band on Tuesday, extending the upside momentum for the fourth session in a row.
The continuation of the recovery could now see the weekly high at 1.0804 (February 14) revisited in the near term, while the surpass of this level should face the next obstacle not before the 2023 peak near 1.1030 (February 2).
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0327.
EUR/USD daily chart
Read the full article here
Discussion about this post