Today, EUR/USD continues to overcome obstacles to extend its upward momentum for the second consecutive day, trading slightly higher around the level of 1.07247. The stronger US dollar is putting pressure on this currency pair as investors seem pleased with the hawkish view surrounding the Fed's decision to maintain higher interest rates in the long term.
The primary trend of EUR/USD on the 4-hour timeframe remains bearish and under pressure. The main support level is at 1.0700, and breaking below this level could result in further losses, with the next target being the lowest point in June at 1.0660.
The primary trend of EUR/USD on the 4-hour timeframe remains bearish and under pressure. The main support level is at 1.0700, and breaking below this level could result in further losses, with the next target being the lowest point in June at 1.0660.
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good luck everyone
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EUR/JPY comes under some marked selling pressure and recedes to the area of weekly lows in the mid-157.00s.
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Support levels: 1.0670 1.0630 1.0595
Resistance levels: 1.0720 1.0755 1.0790
Resistance levels: 1.0720 1.0755 1.0790
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The major trades around 1.0696, up 0.01%.
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Final GDP Growth Rate in Japan came in at 4.8% YoY.
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If anyone needs any help, just ask
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The EU is falling into the support zone as expected
