EUR/USD Price Analysis: Room for a move to the YTD peak near 1.1100

• EUR/USD recedes from earlier monthly highs past 1.1000.
• Extra gains could revisit the 20223 high around 1.1100.

EUR/USD comes under selling pressure soon after hitting fresh monthly tops north of 1.1000 the figure on Thursday.

In the meantime, the pair’s outlook remains constructive for the time being. Against that, a rapid breakout of the June high at 1.1012 (June 22) carries the potential to spark a challenge of the YTD peak at 1.1095 (April 26) just ahead of the round level at 1.1100.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0559.

EUR/USD daily chart