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- EUR/USD Price Analysis: Further gains in the pipeline near term
EUR/USD Price Analysis: Further gains in the pipeline near term
- EUR/USD prints a new monthly high near 1.0880 on Monday.
- The continuation of the uptrend could see 1.0900 revisited.
EUR/USD struggles to get extra upside traction after recording new YTD peaks near 1.0880 at the beginning of the week.
Despite the ongoing indecision in the price action, bulls remain well in control of the sentiment for the time being. That said, further north of the January top at 1.0874 (January 16) should turn up the round level at 1.0900 in the relatively near term.
Furthermore, while above the short-term support line near 1.0570, the pair should retain the bullish view.
In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0308.
EUR/USD daily chart
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