EUR/USD Price Analysis: Extra gains appear in store near term

EUR/USD rose to fresh 3-day tops around 1.0870 on Wednesday.
Further upside could revisit the monthly high near 1.0930.

EUR/USD climbs to fresh multi-day highs near 1.0870 amidst the continuation of the weekly rebound on Wednesday.

The likelihood of extra advances appears favoured for the time being. Against that, the pair could now set sail to the March peak at 1.0929 (March 23) prior to a potential test of the 2023 high at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0336.

EUR/USD daily chart

Mar 29, 2023

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