EUR/USD PRICE ANALYSIS: FURTHER UPSIDE NOW LOOKS TO 1.2243

  • EUR/USD finally surpasses the 1.2100 mark on Monday.
  • Next on the upside now emerges the February top at 1.2243.

EUR/USD moves to fresh monthly tops near 1.2120 earlier in the session, easing some ground soon afterwards.

A convincing breakout of the 1.2100 yardstick should expose the continuation of the uptrend and therefore a potential move to the February peaks at 1.2243.

Above the 200-day SMA (1.1923) the stance for EUR/USD is predicted to remain positive.

EUR/USD DAILY CHART



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