Hello dear traders! Happy to share with you about today's market.
EUR price traded between 1.0700 and 1.0750 yesterday. However, it fell to a low of 1.0685 before ending the day at 1.0699 (-0.26%). While the downward momentum lacks momentum, EUR's weakness is still unstable. EUR could continue to weaken today, although key support at 1.0635 is most likely out of reach (there is another support at 1.0660). Resistance is at 1.0715; If EUR breaks above 1.0735, it suggests EUR weakness has stabilized.
EUR price traded between 1.0700 and 1.0750 yesterday. However, it fell to a low of 1.0685 before ending the day at 1.0699 (-0.26%). While the downward momentum lacks momentum, EUR's weakness is still unstable. EUR could continue to weaken today, although key support at 1.0635 is most likely out of reach (there is another support at 1.0660). Resistance is at 1.0715; If EUR breaks above 1.0735, it suggests EUR weakness has stabilized.
Comment:
EUR/USD continues to trade higher around 1.0730,
