EUR/USD Edges Higher:
π The EUR/USD edged higher, reaching the 1.1000 mark.
π΅ The Dollar struggled despite increased Treasury yields.
Mixed US Economic Indicators:
π US economic indicators presented a mixed picture.
π Declines in the Philadelphia Fed Index and a revision in Q3 GDP.
βοΈ Jobless Claims remained steady.
Crucial Core PCE Inflation Data Awaited:
π Investors await the crucial Core PCE inflation data.
π Anticipating a 0.2% rise for November.
Dollar Remains Subdued:
π Despite the rebound in US yields, the Dollar remains subdued.
π Limiting the EUR/USD upside potential amidst thinner market conditions.
Thursday's EUR/USD Movement:
β¬οΈ On Thursday, the EUR/USD moved higher and reached the upper band of the Bollinger Bands.
β¬οΈ Currently, the price is moving slightly below the upper band, suggesting a potential upward movement.
Relative Strength Index (RSI):
βοΈ The Relative Strength Index (RSI) maintains its position at 66.
π Signaling a neutral outlook for this currency pair.
Key Technical Levels:
π Resistance levels: 1.1017, 1.1138.
π Support levels: 1.0946, 1.0830.
π The EUR/USD edged higher, reaching the 1.1000 mark.
π΅ The Dollar struggled despite increased Treasury yields.
Mixed US Economic Indicators:
π US economic indicators presented a mixed picture.
π Declines in the Philadelphia Fed Index and a revision in Q3 GDP.
βοΈ Jobless Claims remained steady.
Crucial Core PCE Inflation Data Awaited:
π Investors await the crucial Core PCE inflation data.
π Anticipating a 0.2% rise for November.
Dollar Remains Subdued:
π Despite the rebound in US yields, the Dollar remains subdued.
π Limiting the EUR/USD upside potential amidst thinner market conditions.
Thursday's EUR/USD Movement:
β¬οΈ On Thursday, the EUR/USD moved higher and reached the upper band of the Bollinger Bands.
β¬οΈ Currently, the price is moving slightly below the upper band, suggesting a potential upward movement.
Relative Strength Index (RSI):
βοΈ The Relative Strength Index (RSI) maintains its position at 66.
π Signaling a neutral outlook for this currency pair.
Key Technical Levels:
π Resistance levels: 1.1017, 1.1138.
π Support levels: 1.0946, 1.0830.