EUR/USD Price Analysis: Next on the upside aligns 1.0973

EUR/USD reverses part of the recent decline and retakes 1.0900.
Further rebound could see the April high near 1.0973 revisited.

EUR/USD leaves behind two consecutive sessions with losses and advances past 1.0900 the figure on Tuesday.

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 1.0356.

EUR/USD daily chart

Apr 11, 2023

IMF Forecasts: 2023 global real GDP growth at 2.8% vs 2.9% in January forecast

The International Monetary Fund said in its latest World Economic Outlook report that it revised the global real Gross Domestic Product growth for 202

EUR/USD to rise sustainably in H2 toward 1.15 by year-end – ING

A further Dollar decline looks likely this year, although economists at ING suspect this is more a story for the second half when the Fed can declare