The EURUSD pair experienced a brief upward correction to the 1.0871 level before encountering resistance and retreating towards the 1.0839 support zone, which previously acted as resistance. While the pair currently exhibits bullish momentum on the one-hour timeframe, the ability to maintain support at 1.0839 will be crucial for a potential further ascent towards the 1.0881 - 1.0900 range. Failure to hold this support level could trigger a downward movement, potentially leading to a retest of the 1.0808 low.
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Daily volatility (range) 80 pips
Option expiries for Thursday: 1.0800 (EU1.87b), 1.0900 (EU1.65b), 1.0925 (EU1.51b) Source: financialjuice.com
Significant news - EU CPI & US PCE
1 hour
Have a great day!
Daily volatility (range) 80 pips
Option expiries for Thursday: 1.0800 (EU1.87b), 1.0900 (EU1.65b), 1.0925 (EU1.51b) Source: financialjuice.com
Significant news - EU CPI & US PCE
1 hour
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