- EUR/USD bullish momentum picks up on Monday.
- The next upside target is 1.0800.
He EUR/USD extends buying interest to fresh multi-week highs above 1.0700, the early-week reading.
The continuation of the upward trend seems favored for the moment. Conversely, a convincing move above Monday’s high at 1.0737 would open the door to a weekly high at 1.0804 (Feb 14). Higher up, there are no major resistance levels until the 2023 high at 1.1032 (2 Feb).
Longer-term, constructive view remains above the 200-day SMA at 1.0324 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.
