EUR/USD Price Analysis: There is a minor hurdle at 1.1100

EUR/USD advances further and records a new 2023 high.
Extra upside could retest the round level at 1.1100 next.

EUR/USD keeps the bullish bias well in place and climbs to the 1.1040/50 on Thursday, or new YTD peaks.

The likelihood of extra advances appears favoured for the time being. Against that, the immediate target now appears at the round level at 1.1100 seconded by the weekly high at 1.1184 (March 21 2022).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0364.

EUR/USD daily chart

Apr 13, 2023

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Apr 13, 2023

USD/CAD drops to nearly two-month low, bears flirt with 200-day SMA below 1.3400

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