Open Demo Account
Home / Market Update / Forex Market / EUR/USD faces minor obstacle at 1.1100

EUR/USD faces minor obstacle at 1.1100

Mohamed Abdelhamid 13 April, 2023 6:36 pm Forex Market, Market Update

The EUR/USD pair advances further and records a new 2023 high. The Euro extra upside could retest the round level at 1.1100 next.

The EUR/USD pair keeps the bullish bias well in place and climbs to the 1.1040/50 on Thursday, or new year-to-date peaks.

The likelihood of extra advances appears favoured for the time being. Against that, the immediate target now appears at the round level at 1.1100 seconded by the weekly high at 1.1184 (March 21 2022). Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0364.

Tags

Check Also

Oil Retreats from $100 Peak as Sanctions Ease but Geopolitical Risks Loom

Oil prices slipped back after briefly crossing the symbolic $100 mark, as markets weighed improved …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends