- EUR/USD holds the demand tone near 1.0750 on Wednesday.
- Breaking of recent highs around 1.0760 exposes a move towards 1.0800.
EUR/USD rises for the fourth session in a row and revisits the 1.0750 zone on Wednesday.
Should the bulls remain in control, a break of the January high at 1.0760 (Jan 9) could test the June 2022 high at 1.0773 (Jun 27), closely followed by the May 2022 high. 2022 at 1.0786 (May 30).
Further gains from here should target the key level at 1.0800.
Meanwhile, the pair will have risks to the upside of staying above the 200 SMA at 1.0308.
EUR/USD day chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
