Major recovery on the EURUSD
The EURUSD continued trading higher overnight as the price retraced toward the 1.04 round number support level early in the trading day before climbing steadily to the upside reaching the 1.05 resistance level.
This price level was last reached in June 2022 and if broken, could signal a stronger correction to the upside for the EURUSD.
If the DXY continues to weaken, look for the EURUSD to climb higher, beyond the 1.05 price level toward the interim resistance level of 1.0613 and the key resistance level of 1.0770.
This price level was last reached in June 2022 and if broken, could signal a stronger correction to the upside for the EURUSD.
If the DXY continues to weaken, look for the EURUSD to climb higher, beyond the 1.05 price level toward the interim resistance level of 1.0613 and the key resistance level of 1.0770.
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