EUR/USD Near 1.11400 Resistance: Breakout or Pullback?
Updated
The chart shows an upward trendline with EUR/USD approaching the key resistance level of 1.11400, where selling pressure may arise if the price fails to break through.
The crucial support currently lies around 1.10500, a level to which the price might retreat if it fails to surpass the resistance.
EUR/USD is testing this resistance zone, with the potential for a breakout if buying pressure strengthens. Otherwise, the price is likely to retest the rising trendline.
The crucial support currently lies around 1.10500, a level to which the price might retreat if it fails to surpass the resistance.
EUR/USD is testing this resistance zone, with the potential for a breakout if buying pressure strengthens. Otherwise, the price is likely to retest the rising trendline.
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The EURUSD situation today, September 7th, continues to show fluctuations around key levels after the U.S. released employment data. Following the U.S. Non-Farm Payrolls report, the market reacted strongly with a slight decline in the EUR/USD exchange rate.
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