The EURUSD currency pair is currently seeking momentum to break through the resistance level at 1.07. However, it seems to be facing difficulties as the US Dollar remains strong, reaching near its highest level in a week on Thursday, in response to hawkish comments from some FOMC members. This has become the main factor putting pressure on the EUR/USD pair.
The trend lines indicate a clear decline and signs of a breakout. The price target for the downward movement is 1.053. Good luck with your trading endeavors.
The trend lines indicate a clear decline and signs of a breakout. The price target for the downward movement is 1.053. Good luck with your trading endeavors.
