EUR/USD Price Analysis: Extra gains likely above 1.0430

EUR/USD alternates gains with losses in the low-1.0300s following another failed attempt to retake the 1.0400 barrier earlier on Tuesday. So far, the  |  29/11/2022 14:54
  • EUR/USD fails to extend the recovery beyond 1.0400.
  • The 9-month resistance line still caps the upside.

EUR/USD alternates gains with losses in the low-1.0300s following another failed attempt to retake the 1.0400 barrier earlier on Tuesday.

So far, the 9-month resistance line, today around 1.0430, continues to cap occasional bullish attempts.

A sustained breakout of this region is needed to allow for the continuation of the uptrend to, initially, 1.0481 (November 15) ahead of 1.0496 (November 28).

EUR/USD daily chart

 

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