EURUSD: Maintains position near 1.0570
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Hello traders,
I still believe that a sustainable increase in the EUR/USD is too early, due to the advantage of a strong (and rising) USD exchange rate.
Currently, considerations regarding monetary policy for the Fed and ECB may only have secondary importance.
The risk for the EUR/USD will continue to decrease if conflicts intensify or escalate.
Resistance levels: 1.631; 1.058
Support levels: 1.050; 1.046
I still believe that a sustainable increase in the EUR/USD is too early, due to the advantage of a strong (and rising) USD exchange rate.
Currently, considerations regarding monetary policy for the Fed and ECB may only have secondary importance.
The risk for the EUR/USD will continue to decrease if conflicts intensify or escalate.
Resistance levels: 1.631; 1.058
Support levels: 1.050; 1.046
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