What does the EUR strategy change? New goal!
Hello dear friends!
Currently, EUR has bounced back after it regained its previously broken resistance at the 1.0800 mark with the price now hovering around 1.084 marking a 0.05% gain on the day .
Furthermore, the USD index sell-off triggered by weaker-than-expected US ISM Services PMI data in March, coupled with comments from Fed Chairman Powell, strengthened the currency pair This is in the context of a weakening US Dollar.
EUR volume is still increasing. The immediate support at the 1.0804 mark acts as support and consolidation for the pair. A breakout will result in a decrease in price, while a sustainment will result in an increase in price.
Therefore, it would not be surprising if we are quite optimistic that EURUSD will not stop here and move towards new breakthroughs, and the resistance level of 1.093 is being closely watched by bulls.
Which direction do you think the EUR will choose?
Currently, EUR has bounced back after it regained its previously broken resistance at the 1.0800 mark with the price now hovering around 1.084 marking a 0.05% gain on the day .
Furthermore, the USD index sell-off triggered by weaker-than-expected US ISM Services PMI data in March, coupled with comments from Fed Chairman Powell, strengthened the currency pair This is in the context of a weakening US Dollar.
EUR volume is still increasing. The immediate support at the 1.0804 mark acts as support and consolidation for the pair. A breakout will result in a decrease in price, while a sustainment will result in an increase in price.
Therefore, it would not be surprising if we are quite optimistic that EURUSD will not stop here and move towards new breakthroughs, and the resistance level of 1.093 is being closely watched by bulls.
Which direction do you think the EUR will choose?
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