EUR/USD Price Analysis: A test of 1.1100 emerges on the horizon

• EUR/USD looks to extend the uptrend beyond 1.1000.
• Further gains could see the 1.1100 barrier retested near term.

EUR/USD adds to Wednesday’s strong upside and consolidates further the recent breakout of the key 1.1000 mark on Thursday.

The pair looks poised to extend the recovery further in the near term. That said,  the immediate hurdle is expected at the 2023 high at 1.1095 (April 25) closely followed by the round level at 1.1100.

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0408.

EUR/USD daily chart