EURUSD maintains potential uptrend
Hello everyone! Today, the pair is receiving bullish support due to improved market sentiment and a broad-based US Dollar pullback thus keeping EUR/USD in a positive trend.
On the downside, any further recovery could encounter resistance near the previous monthly low around 1.0685. This is followed by the psychological level of 1.0700. If that plays out there is a possibility that a short-selling rally could push the EUR/USD pair towards weekly highs around the 1.0765-1.0770 region. Many buyers can be invited to join the market.
On the downside, any further recovery could encounter resistance near the previous monthly low around 1.0685. This is followed by the psychological level of 1.0700. If that plays out there is a possibility that a short-selling rally could push the EUR/USD pair towards weekly highs around the 1.0765-1.0770 region. Many buyers can be invited to join the market.
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