- EUR/USD posted a fresh monthly high near 1.0880 on Monday.
- Continuation of the uptrend could lead to a visit to 1.0900.
EUR/USD struggles to get additional bullish traction after posting fresh monthly highs near 1.0880 earlier in the week.
Despite the ongoing indecision in price action, bulls remain in control of sentiment for the time being. That being said, breaking the January high at 1.0874 (Jan 16) could lead to a rally to the 1.0900 area in relatively short order.
As long as it remains above the short-term support line near 1.0570, the pair should retain the bullish view.
Longer-term, constructive view remains as long as it is 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.
