EUR/USD rises to 1.0900 as the US dollar continues to weakenDear traders! EUR/USD is gradually approaching the 1.0900 level, with the prospect of further activation of the classic "bull flag" technical pattern in the medium to long term on the 2-hour chart, which is generally unlikely avoid further price increases in the near future. Amid shifting sentiment, sustained weakness in the US dollar and upbeat mood contributed to the pair's latest rally.
In summary to see growth, EU needs to break through the barrier currently trading near 1.0884 and 1.0894 to see further growth with support seen at 1.085 lower at static support 1,080. Shaking and confirming the signal below this level will result in a significant price drop, while remaining stable will result in an increase in price. It is expected that the pair will recover after the correction and retest the 34.89 EMA levels.