Karina hello everyone! Today the EURUSD currency pair is gaining quite good recovery momentum.
Accordingly, the recovery of the major pair is supported by a softer US Dollar. The 4-hour chart continues to show some short-term consolidation with the pair successfully surpassing the 1,096 resistance area with a reversal signal from the 34 EMA.
It is expected that after the correction and testing the Breakout zone, EURUSD will use this newly established support level to reach the upside target at 1,099 and more favorably at 1,106.
What about you, what do you think about the trend of EURUSD?
Accordingly, the recovery of the major pair is supported by a softer US Dollar. The 4-hour chart continues to show some short-term consolidation with the pair successfully surpassing the 1,096 resistance area with a reversal signal from the 34 EMA.
It is expected that after the correction and testing the Breakout zone, EURUSD will use this newly established support level to reach the upside target at 1,099 and more favorably at 1,106.
What about you, what do you think about the trend of EURUSD?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.