EURUSD: Approaching the sensitive resistance level of 1.10
Hello amazing friends, it's great to see you all again for today's exchange!
Currently, EURUSD is once again approaching the resistance level of 1.10, marking the third time this currency pair has reached this sensitive area.
The recovery momentum is supported by the recent weakening of the US Dollar. As long as it stays above 1.0950, the odds are in favor of breaking the 1.1000 level. Slipping below that region would weaken the Euro in the short term, revealing the next support level at 1.0945.
What about you? Do you think this currency pair will rise or fall next?
Currently, EURUSD is once again approaching the resistance level of 1.10, marking the third time this currency pair has reached this sensitive area.
The recovery momentum is supported by the recent weakening of the US Dollar. As long as it stays above 1.0950, the odds are in favor of breaking the 1.1000 level. Slipping below that region would weaken the Euro in the short term, revealing the next support level at 1.0945.
What about you? Do you think this currency pair will rise or fall next?
Comment:
🎯The US core PCE index remained at 0.1%, lower than forecast. After the data was released, the Dollar DXY index had a slight increase
