Euro / U.S. DollarUpdated EURUSD : remains capped below 1.0800
Hello dear friends!
Today, the EURUSD currency pair is moving around the level of 1.079 and experiencing a slight recovery due to the weakening of the US dollar following the release of the US Consumer Price Index (CPI) news yesterday.
On the 4-hour analysis chart: If the Euro strengthens and stabilizes above the level of 1.0805, it will reinforce short-term prospects for greater profit potential, aiming for a level above 1.0830. On the other hand, if the support level of 1.074 is broken, it will be a good opportunity for the bearish side to push prices down to lower levels quickly!
Today, the EURUSD currency pair is moving around the level of 1.079 and experiencing a slight recovery due to the weakening of the US dollar following the release of the US Consumer Price Index (CPI) news yesterday.
On the 4-hour analysis chart: If the Euro strengthens and stabilizes above the level of 1.0805, it will reinforce short-term prospects for greater profit potential, aiming for a level above 1.0830. On the other hand, if the support level of 1.074 is broken, it will be a good opportunity for the bearish side to push prices down to lower levels quickly!
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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.