EUR/USD Maintains Bullish Stance:
📈 EUR/USD maintains its bullish stance above 1.1000.
💵 Benefiting from a weakened US Dollar following mixed economic releases.
Mixed Economic Releases Impact on Dollar:
🔄 Despite a revised lower third-quarter GDP growth and inflation rates.
📉 The dollar faced pressure as initial jobless claims fell below expectations.
Focus on Upcoming PCE Price Index:
👀 Attention turns to the upcoming PCE Price Index.
📉 Speculation that a subdued increase may further weigh on the USD before the holiday slowdown begins.
EUR/USD Current Movement:
↔️ Currently, the EUR/USD is moving in consolidation around the upper band of the Bollinger Bands.
📈 This movement shows a possibility that EUR/USD might continue its previous movement and goes higher.
Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) maintains its position at 65.
😐 Signaling a neutral with a slight bullish outlook for this currency pair.
Key Technical Levels:
🚀 Resistance levels: 1.1042, 1.1138.
📉 Support levels: 1.0946, 1.0830.
📈 EUR/USD maintains its bullish stance above 1.1000.
💵 Benefiting from a weakened US Dollar following mixed economic releases.
Mixed Economic Releases Impact on Dollar:
🔄 Despite a revised lower third-quarter GDP growth and inflation rates.
📉 The dollar faced pressure as initial jobless claims fell below expectations.
Focus on Upcoming PCE Price Index:
👀 Attention turns to the upcoming PCE Price Index.
📉 Speculation that a subdued increase may further weigh on the USD before the holiday slowdown begins.
EUR/USD Current Movement:
↔️ Currently, the EUR/USD is moving in consolidation around the upper band of the Bollinger Bands.
📈 This movement shows a possibility that EUR/USD might continue its previous movement and goes higher.
Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) maintains its position at 65.
😐 Signaling a neutral with a slight bullish outlook for this currency pair.
Key Technical Levels:
🚀 Resistance levels: 1.1042, 1.1138.
📉 Support levels: 1.0946, 1.0830.