The EUR/USD pair is starting to attract buying interest as it edges closer to the 1.1370 level in early trading today. Ongoing concerns about the economic impact of trade tariffs continue to weigh on the U.S. dollar, giving the euro room to push higher and fueling bullish momentum for the pair.
While the uptrend remains intact, price action may stay muted today as the pair consolidates around the 34 EMA—a zone thatholiday-driven market slowdown.
The next key target lies near the 1.142 resistance zone, which could be tested early next week. A successful breakout above that level may pave the way for a fresh move toward new highs.
What’s your take? Is EUR/USD gearing up for a breakout or just catching its breath?
While the uptrend remains intact, price action may stay muted today as the pair consolidates around the 34 EMA—a zone thatholiday-driven market slowdown.
The next key target lies near the 1.142 resistance zone, which could be tested early next week. A successful breakout above that level may pave the way for a fresh move toward new highs.
What’s your take? Is EUR/USD gearing up for a breakout or just catching its breath?
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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.