EUR/USD, H4 14 March 2024
EUR/USD experienced modest gains, supported by US Dollar depreciation. However, market
sentiment remains mixed as investors weigh macroeconomic outlooks in the Eurozone and the
United States. Anticipation builds ahead of potential borrowing cost adjustments by the European Central Bank (ECB) and the Federal Reserve (Fed) in June.
EUR/USD is trading higher while currently testing the resistance level.Suggesting the pair might extend its gains after breakout
Resistance level: 1.0960, 1.1095📉
Support level: 1.0865, 1.0765📈
EUR/USD experienced modest gains, supported by US Dollar depreciation. However, market
sentiment remains mixed as investors weigh macroeconomic outlooks in the Eurozone and the
United States. Anticipation builds ahead of potential borrowing cost adjustments by the European Central Bank (ECB) and the Federal Reserve (Fed) in June.
EUR/USD is trading higher while currently testing the resistance level.Suggesting the pair might extend its gains after breakout
Resistance level: 1.0960, 1.1095📉
Support level: 1.0865, 1.0765📈
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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.