- EUR/USD pulls back from initially touched monthly highs beyond 1.1000.
- Additional gains could lead to a revisit of the 20223 high around 1.1100.
He EUR/USD is under selling pressure shortly after hitting fresh monthly highs above 1.1000 on Thursday.
Meanwhile, the outlook for the pair remains constructive for now. Conversely, a quick break of the June high at 1.1012 (Jun 22) could trigger a challenge of the yearly high at 1.1095 (April 26) just ahead of the round level at 1.1100.
Longer-term, positive view remains above the 200-day SMA at 1.0559 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.
