EUR/USD Price Analysis: Further gains target 1.1369

• EUR/USD remains bid and surpasses the 1.1300 mark.
• Above 1.1300 the pair targets the 1.1369 level.

EUR/USD keeps the bid bias unchanged for yet another session, this time finally leaving behind the key 1.1300 barrier to click new multi-day highs.

While the ongoing strength is deemed as corrective only, it seems it still has further legs to go. Against such scenario, extra gains could extend to the January 20 high at 1.1369 ahead of the 1.1430 region, where the 100-day SMA and the 4-month resistance line coincide.

In the longer run, the negative outlook is seen unchanged below the key 200-day SMA at 1.1683.

EUR/USD daily chart