EUR/USD Price Analysis: Sustained gains seen above 1.0970

EUR/USD trades within a tight range around the 1.0900 region.
The immediate barrier comes at the April top near 1.0970.

EUR/USD trades without a clear direction around the 1.0900 region on Thursday.

The likelihood of extra advances appears favoured for the time being. Against that, the pair needs to clear the April high at 1.0973 (April 4) to put the key 1.1000 mark back on the radar and then challenge the YTD peak at 1.1032 (February 2).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0348.

EUR/USD daily chart

Apr 6, 2023

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