EURUSD Rises as USD Continues to Struggle
Updated
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Today, EURUSD continues to maintain its upward trend after successfully breaking through the resistance level at 1.095. This currency pair is supported by market news released yesterday, which continues to have a negative impact on the USD and acts as a favorable wind for EURUSD to continue moving towards new highs around the 1.105 level. Additionally, the reversal signal of the EMA 34 is also a good sign for the recovery of this currency pair.
If it manages to surpass the current resistance level at 1.101, EURUSD could potentially advance further to around 1.108 before the next correction phase takes place.
Today, EURUSD continues to maintain its upward trend after successfully breaking through the resistance level at 1.095. This currency pair is supported by market news released yesterday, which continues to have a negative impact on the USD and acts as a favorable wind for EURUSD to continue moving towards new highs around the 1.105 level. Additionally, the reversal signal of the EMA 34 is also a good sign for the recovery of this currency pair.
If it manages to surpass the current resistance level at 1.101, EURUSD could potentially advance further to around 1.108 before the next correction phase takes place.
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