EURUSD: Successfully overcoming barriers
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Hello dear friends!
Today our market is temporarily closed and there are some things to note about EURUSD:
Regarding the trend of EURUSD: After two failed attempts to break above 1.10, this currency pair made a new breakthrough last Friday by successfully closing above this level.
The upward trend is supported as the US dollar is under pressure due to mixed data released last week and the strongest pressure on Friday. Furthermore, the price increase is also supported and reinforced as the EMA 34 line reverses and holds steady.
The current support levels are at 1.094 and lower at 1.089. As long as this currency pair maintains a strong recovery above these levels, the upward momentum will continue to be strengthened with the journey to search for new highs at even higher prices.
Today our market is temporarily closed and there are some things to note about EURUSD:
Regarding the trend of EURUSD: After two failed attempts to break above 1.10, this currency pair made a new breakthrough last Friday by successfully closing above this level.
The upward trend is supported as the US dollar is under pressure due to mixed data released last week and the strongest pressure on Friday. Furthermore, the price increase is also supported and reinforced as the EMA 34 line reverses and holds steady.
The current support levels are at 1.094 and lower at 1.089. As long as this currency pair maintains a strong recovery above these levels, the upward momentum will continue to be strengthened with the journey to search for new highs at even higher prices.
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