Market news
17.03.2023, 12:24

EUR/USD Price Analysis: Immediately to the upside comes 1.0760

  • EUR/USD extends the rebound north of 1.0600 on Friday.
  • The next up-barrier emerges at the March top near 1.0760.

EUR/USD gathers extra pace and climbs to 2-day highs near 1.0670 following Thursday’s positive price action.

If the recovery gathers impulse, then the pair could confront the March high at 1.0759 (March 15) - which remains underpinned by the proximity of the 55-day SMA – prior to the weekly peak at 1.0804 (February 14).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0324.

EUR/USD daily chart

 

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