A higher-order micromechanical framework is presented to predict the overall elastic deformation behavior of continuous fiber-reinforced composites with high-volume fractions and random-fiber distributions. By taking advantage of the probabilistic pair-wise near-field interaction solution, the interacting eigenstrain is analytically derived. Subsequently, by making use of the Eshelby equivalence principle, the perturbed strain within a continuous circular fiber is accounted for. Further, based on the general micromechanical field equations, effective elastic moduli of continuous fiber-reinforced composites are constructed. An advantage of the present framework is that the higher-order effective elastic moduli of composites can be analytically predicted with relative simplicity, requiring only material properties of the matrix and fibers, the fiber-volume fraction and the microstructural parameter γ . Moreover, no Monte Carlo simulation is needed for the proposed methodology. A series of comparisons between the analytical predictions and the available experimental data for isotropic and anisotropic fiber reinforced composites illustrate the predictive capability of the proposed framework.