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There is a minor hurdle at 1.0767

November 6, 2023| Forex Market


– EUR/USD climbs to multi-week tops near 1.0760.

– Extra advance could see the 1.0770 area revisited near term.

EUR/USD pushes harder and advances to new eight-week highs near 1.0760 on Monday.

Further gains in the pair looks in the pipeline in the short term. Against that, there is a minor hurdle at the weekly high of 1.0767 (September 12) prior to the more relevant 200-day SMA at 1.0805.

In the meantime, while below the 200-day SMA, the pair’s outlook should remain negative.

EUR/USD daily chart


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