- EUR/USD regains bullish traction and advances above 1.1000.
- The bulls continue to target the 2023 high at 1.1075.
He EUR/USD leaves behind Tuesday’s steep decline and regains the zone beyond 1.1000 on Wednesday.
The pair seems poised to extend the rally in the near term. That being said, the immediate hurdle is expected at the 2023 high at 1.1075 (14 Apr) seconded by the round level at 1.1100.
Longer-term, the constructive view remains as long as it holds above the 200-day SMA, today at 1.0404.
EUR/USD daily 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.
