- EUR/USD extends upside bias beyond 1.0800.
- If it continues to rise, you could see the monthly high again near 1.0930.
He EUR/USD adds to a promising start to the week and breaches the key 1.0800 barrier on Tuesday.
The continuation of the upward movement seems favored for the moment. Conversely, the pair could head towards the March high at 1.0929 (March 23) before a possible test of the 2023 high at 1.1032 (Feb 2).
Longer-term, constructive view remains above the 200-day SMA at 1.0335 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.
