EUR/USD experienced a decline, approached its support level at 1.0832 but rebounded slightly above to reach 1.0878. The current price action appears to be corrective for both bulls and bears, lacking a clear direction. While it is difficult to predict the pair's next move with certainty, we can consider probabilities and favor the direction of the overall trend, which is currently upwards.
In line with this reasoning, the EUR/USD might target the higher high at 1.0895. If the pair can achieve a close above this level, the next potential resistance to watch would be 1.0942.
1 hour
Have a great weekend with lot of fun!
In line with this reasoning, the EUR/USD might target the higher high at 1.0895. If the pair can achieve a close above this level, the next potential resistance to watch would be 1.0942.
1 hour
Have a great weekend with lot of fun!
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