EUR/USD Price Analysis: Door open to extra gains

EUR/USD keeps the bid note well in place this week and trades closer to the initial target around 1.2080, or weekly peaks. A surpass of this zone shou  |  23/04/2021 12:12
  • EUR/USD approaches weekly tops around the 1.2080 area.
  • The resumption of the uptrend targets the 1.2100 level.

EUR/USD keeps the bid note well in place this week and trades closer to the initial target around 1.2080, or weekly peaks.

A surpass of this zone should accelerate the move to the next hurdle at 1.2100 ahead of the February peaks at 1.2243.

Above the 200-day SMA (1.1919) the stance for EUR/USD is predicted to remain positive.

EUR/USD daily chart

 

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