EUR/USD Price Analysis: Further room for a move to… 1.1000?

• EUR/USD prints new multi-month tops near 1.0930 on Monday.
• Extra gains now look at 1.0936 ahead of the key 1.1000 level.

EUR/USD extends further the auspicious start of the new year and advances past the 1.0900 barrier for the first time since April 2022.

The continuation of the uptrend now focuses on the weekly high at 1.0936 (April 21 2022). A sustainable break above this level could pave the way for a challenge of the key barrier at 1.1000 the figure in the not-so-distant future

In the meantime, while above the short-term support line near 1.0630, extra gains should remain in store for the pair.

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0308.

EUR/USD daily chart