- EUR/USD marks fresh multi-month highs near 1-0930 on Monday.
- Further gains target 1.0936 ahead of the key 1.1000 level.
The EUR/USD further extends the auspicious start of the new year and breaks the 1.0900 barrier for the first time since April 2022.
The continuation of the uptrend is now focused on the weekly high of 1.0936 (21 Apr 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 in the not too distant future.
Meanwhile, above the near-term support line near 1.0630, the pair should continue to gain ground.
Longer-term, the constructive view remains unchanged as long as it holds above the 200-day SMA at 1.0308 today.
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.
