Euro / U.S. Dollar
Long
Updated

EUR/USD Holds Steady Ahead of US Data

205
Hello everyone, what are your thoughts on EURUSD ?

Today, the pair is trading in a narrow range around 1.1650 on Friday. While the US dollar is struggling to regain strength, a slight pullback in EUR/GBP following the Bank of England’s policy announcement has limited the upside for EUR/USD. The market now awaits upcoming US economic data.

From a technical perspective, EUR/USD remains anchored above newly established support levels. If these levels hold, this pullback could be an excellent accumulation phase before a breakout move.

What do you think? How will EUR/USD move by the end of the session and in the coming days?
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