Pair to Revisit 2021 Peak at 1.2349

Analysts remain bullish with regard to the EUR/USD pair, expecting it to revisit 2021 highs, around the 1.2349 mark. The pair is now held below the February high at 1.2243, having tested this mark two times last week. As the daily RSI has diverged, investors’ attention becomes focused on the short-term uptrend at 1.2128. Once EUR/USD moves above 1.2243, it will target the top at 1.2349, the peak of 2021. 

Analysts see the long-term target between the 1.2556 and the 1.2619 marks, which are the highs reached in 2018 and converging with the 200-month moving average and the 55-quarter ma. 

If the EUR/USD pair falls below the uptrend, it might drop to the 1.1994/86 band of support, which are mid-March highs and the low hit on the 22nd of April. Key support is awaited at 1.1865, which is the 2020-2021 uptrend.