EUR/USD Price Analysis: Further gains favoured beyond 1.0930
|- EUR/USD keeps the weekly bullish tone unchanged on Thursday.
- If the recovery picks up pace it could revisit the 1.0930 zone.
EUR/USD climbs to weekly highs in the 1.0880/85 band on Thursday, extending the bounce for the fourth session in a row.
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 1.0338.
EUR/USD daily chart
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