EUR/USD gathers strength near 1.1000
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The EUR/USD pair has gained momentum and approached the 1.1000 level in early Friday trading. As widely predicted, the ECB kept interest rates unchanged on Thursday. In response to the ECB's decision, the Euro attracted buyers, quickly raising the EUR/USD exchange rate.
The resistance level at 1.10 continues to limit the upward movement of this currency pair. Technical indicators such as the EMA 34 and 89 still support a long-term bullish trend for this pair. However, a slight correction is expected around the 0.618 Fibonacci level, which is approximately 1.090.
What are your thoughts on this currency pair?
The EUR/USD pair has gained momentum and approached the 1.1000 level in early Friday trading. As widely predicted, the ECB kept interest rates unchanged on Thursday. In response to the ECB's decision, the Euro attracted buyers, quickly raising the EUR/USD exchange rate.
The resistance level at 1.10 continues to limit the upward movement of this currency pair. Technical indicators such as the EMA 34 and 89 still support a long-term bullish trend for this pair. However, a slight correction is expected around the 0.618 Fibonacci level, which is approximately 1.090.
What are your thoughts on this currency pair?
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