EUR/USD battles 1.0600 as US Dollar rebounds
Brian greets everyone!
Today, the EUR/USD is holding steady at 1.0600 after failing to sustain early gains during Asian trading on Wednesday. The currency pair is losing ground amidst the broad-based recovery of the US dollar, despite the Federal Reserve's mild expectations and optimistic sentiment. The focus is on the US core PPI inflation.
However, on the 4-hour chart, the upward trend is still well-maintained with a significant resistance level around 1.0663. Breaking through this resistance would push EUR/USD to new highs, with an expected target around 1.0733.
Today, the EUR/USD is holding steady at 1.0600 after failing to sustain early gains during Asian trading on Wednesday. The currency pair is losing ground amidst the broad-based recovery of the US dollar, despite the Federal Reserve's mild expectations and optimistic sentiment. The focus is on the US core PPI inflation.
However, on the 4-hour chart, the upward trend is still well-maintained with a significant resistance level around 1.0663. Breaking through this resistance would push EUR/USD to new highs, with an expected target around 1.0733.
Kommentera:
good luck
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/DNATradingForex
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/DNATradingForex
Liknande idéer
