Euro / U.S. DollarUpdated Euro Gains Momentum, Targets Higher Levels
The Euro continues its impressive rally, breaking past the 1.0900 mark and setting new highs as the US Dollar (USD) weakens sharply. Optimism surrounding Germany’s upcoming defense and infrastructure agreements further fuels the bullish sentiment.
On Tuesday, EUR/USD buyers took control, propelling the pair toward 1.0950, though gains were short-lived. The pair tested fresh 22-week highs as Euro bulls extended their dominance, reinforcing the ongoing recovery trend.
Looking ahead, the 1.0890 level serves as the first key support, followed by the EMA 34 and EMA 89 near 1.0850. A deeper pullback could see the pair testing 1.0830 before finding further buying interest.
Wishing you a successful and profitable trading day!
On Tuesday, EUR/USD buyers took control, propelling the pair toward 1.0950, though gains were short-lived. The pair tested fresh 22-week highs as Euro bulls extended their dominance, reinforcing the ongoing recovery trend.
Looking ahead, the 1.0890 level serves as the first key support, followed by the EMA 34 and EMA 89 near 1.0850. A deeper pullback could see the pair testing 1.0830 before finding further buying interest.
Wishing you a successful and profitable trading day!
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