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EUR/USD Price Analysis: Recovery now targets 1.0930

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  • EUR/USD extends the upside bias beyond 1.0800.
  • Further gains could see the monthly high near 1.0930 revisited.

EUR/USD adds to the promising start of the week and surpasses the key 1.0800 hurdle on Tuesday.

The continuation of the bullish move 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 1.0335.

EUR/USD daily chart

 

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