Euro / U.S. DollarUpdated EURUSD: Having difficulty
Hello everyone, it's great to see you all again for today's discussion on EURUSD.
Currently, the EURUSD currency pair is trading at 1.094 and showing a slight downward trend after failing to sustain its value above the resistance level of 1.11.
Overall, the decline in this currency pair is driven by a stronger US dollar, which has significantly increased the pressure.
The current support level is at 1.093, and a breakout action by the selling side could continue pushing this currency pair towards two lower profit-taking targets, expected to be at 1.089 and 1.078.
However, it is still important to carefully observe market news to have a clearer understanding of the next move for this currency pair. Good luck!
Currently, the EURUSD currency pair is trading at 1.094 and showing a slight downward trend after failing to sustain its value above the resistance level of 1.11.
Overall, the decline in this currency pair is driven by a stronger US dollar, which has significantly increased the pressure.
The current support level is at 1.093, and a breakout action by the selling side could continue pushing this currency pair towards two lower profit-taking targets, expected to be at 1.089 and 1.078.
However, it is still important to carefully observe market news to have a clearer understanding of the next move for this currency pair. Good luck!
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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.