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14 Mar 2023

EUR/USD Price Analysis: Further upside still looks favoured

  • EUR/USD sees its upside bias dented somewhat on Tuesday.
  • The 1.0804 level still emerges as the next up-barrier so far.

EUR/USD comes under fresh downside pressure following recent multi-week highs near 1.0750.

The continuation of the uptrend appears in store for the time being. Against that, a convincing move above 1.0750 should open the door the weekly high at 1.0804 (February 14). Further up, there are no resistance levels of note until the 2023 peak at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0324.

EUR/USD daily chart

 

Mar 14, 2023

EUR/USD: Rebound could remain contained – SocGen

Euro limps back after scoring 1.9% gain in three days. Economists at Société Générale expect the pair to suffer a deeper decline on a break under 1.05
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Mar 14, 2023

Gold Price Forecast: XAU/USD may well be overbought relative to real rates, but do not fade the rally – TDS

Gold price manages to stay above the $1,900 level. Economists at TD Securities discuss the yellow metal outlook. Trend of positive investment flows co
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