EURUSD: Maintain the price increase channel
EURUSD continues to maintain an upward trend on the final day of this trading week. Currently, this currency pair is moving smoothly within an upward channel on the 1-hour chart, approximately at 1.072.
This uptrend has been fueled by the recent weakening of the US Dollar (USD), which has positively impacted the EUR/USD exchange rate. As long as the upward channel remains intact, EURUSD is likely to continue rising.
This uptrend has been fueled by the recent weakening of the US Dollar (USD), which has positively impacted the EUR/USD exchange rate. As long as the upward channel remains intact, EURUSD is likely to continue rising.
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