The currency pair surged last week and broke out the descending trend line. Friday’s Eurozone PMI data releases were mostly positive and supported EUR/USD.
We expect the currency pair to target 1.2144 this week. If it breaks out this resistance area, growth may continue towards 1.2438.
We expect the currency pair to target 1.2144 this week. If it breaks out this resistance area, growth may continue towards 1.2438.