EUR/USD Price Analysis: Next on the upside comes the 1.0804 level
|- 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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.