EURUSD- price increase
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Hello wealthy entrepreneurs. USDJPY today continues to decline as predicted.
The US dollar fell on Tuesday, along with expectations of US interest rates and a decrease in treasury bond yields. On the other hand, the Japanese yen increased slightly due to violence in the Middle East, supporting safe-haven buying.
This week, we will receive important news that will impact EUR/USD, such as the FOMC minutes and US CPI.
For this reason, buyers continue to push prices higher. Specifically, looking at the technical picture on the 1-hour timeframe, maintaining the short-term trend above 1.0530 indicates a retest of the uptrend and creates a support level to further drive up gold prices. The resistance level to closely monitor is at 1.0637.
The US dollar fell on Tuesday, along with expectations of US interest rates and a decrease in treasury bond yields. On the other hand, the Japanese yen increased slightly due to violence in the Middle East, supporting safe-haven buying.
This week, we will receive important news that will impact EUR/USD, such as the FOMC minutes and US CPI.
For this reason, buyers continue to push prices higher. Specifically, looking at the technical picture on the 1-hour timeframe, maintaining the short-term trend above 1.0530 indicates a retest of the uptrend and creates a support level to further drive up gold prices. The resistance level to closely monitor is at 1.0637.
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