šFundamental Analysis
The US Dollar (USD) struggled to find buying momentum on Thursday, but the EUR/USD pair struggled to build upside momentum. The US economic calendar will not release any macroeconomic data that could boost USD valuations over the weekend. Therefore, investors may pay attention to comments from Federal Reserve officials and risk sentiment.
A bullish move on Wall Street after the opening bell could limit the USDās upside momentum and help the EUR/USD pair find support. Conversely, the pair could continue to decline if the market turns cautious in the second half of the day.
šÆTechnical Analysis
EURUSD is still trading in an uptrend and is facing resistance at 1.170. A break above 1.160 forms a lower boundary support zone that should prevent further downside. Pay attention to the resistance and support zones noted on the chart to have a strategy when there is a price reaction in that area.
ššKEY LEVEL
Support: 1.160-1.145
Resistance: 1.170-1.181
The US Dollar (USD) struggled to find buying momentum on Thursday, but the EUR/USD pair struggled to build upside momentum. The US economic calendar will not release any macroeconomic data that could boost USD valuations over the weekend. Therefore, investors may pay attention to comments from Federal Reserve officials and risk sentiment.
A bullish move on Wall Street after the opening bell could limit the USDās upside momentum and help the EUR/USD pair find support. Conversely, the pair could continue to decline if the market turns cautious in the second half of the day.
šÆTechnical Analysis
EURUSD is still trading in an uptrend and is facing resistance at 1.170. A break above 1.160 forms a lower boundary support zone that should prevent further downside. Pay attention to the resistance and support zones noted on the chart to have a strategy when there is a price reaction in that area.
ššKEY LEVEL
Support: 1.160-1.145
Resistance: 1.170-1.181
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.