- EUR/USD extends Friday’s bullish momentum to 1.1050.
- Further strength could lead to a retest of the YTD high near 1.1100.
EUR/USD it keeps the supply bias well in place and returns to the mid-11000s early in the week.
For now, another revival is on the table. A break with the 2023 high at 1.1095 (April 26) should encourage the pair to quickly leave the round level at 1.1100 before heading for a potential visit to the weekly high at 1.1184 (March 21, 2022).
Taking a longer-term view, the constructive view remains unchanged while it is above the 200-day SMA at 1.0436 today.
