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EUR/USD Price Analysis: Recovery now targets the 1.0980 area

  • The upside momentum in EUR/USD extends further north of 1.0900.
  • Immediately above emerges the 1.0980 region, November 2019 low.

EUR/USD extends the weekly recovery further and is looking to consolidate the recent breakout of the key barrier at 1.09 the figure.

The pair left behind the “oversold” territory - as per the RSI indicator – and moved up on the back of the correction lower in the greenback.

If bulls manage to remain in control, then the 1.0980 region (November 2019 peak) should return to the radar as the next key target.

EUR/USD daily chart

 

GBP/USD jumps to session tops and retreats, finds some resistance ahead of mid-1.2900s

The selling bias surrounding the greenback picked up pace in the last hour and lifted the GBP/USD pair to fresh session tops, closer to mid-1.2900s. T
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NZD/USD: Extra losses accelerate below 0.6270 – UOB

FX Strategists at UOB Group see NZD/USD could drop to the 0.6240 region if it clears 0.6270 in the near-term. Key Quotes 24-hour view: “Our expectatio
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