EUR/USD continued its downward trajectory, trading lower around 1.0640 during the Asian session on Friday. The improving US Dollar (USD) puts downward pressure on the pair, which is likely due to upbeat US Treasury yields.
Technically: we can see that the pair is moving sideways, currently trading at 1.0645.
If the Euro breaks above 1.0670, it is likely to extend the uptrend, with the next resistance level at 1.0700.
Technically: we can see that the pair is moving sideways, currently trading at 1.0645.
If the Euro breaks above 1.0670, it is likely to extend the uptrend, with the next resistance level at 1.0700.
Note
good luck tradersNote
The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 105.5 points.
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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.