EURUSD: Continues price increase on parallel channel
Updated
Hello dear friends,
EURUSD is expected to have minimal fluctuations today as interest rate and USD-related news have come to a halt this week. The price continues to hover around the 1.085 level and maintains stability at higher price levels with a sideways trend. However, the upward momentum is still being preserved within the rising channel. Any further price increases for this currency pair will still face resistance at the 1.088 level. The upcoming support level at 1.075 from the expected correction could serve as a good stepping stone for EURUSD to continue its upward movement
EURUSD is expected to have minimal fluctuations today as interest rate and USD-related news have come to a halt this week. The price continues to hover around the 1.085 level and maintains stability at higher price levels with a sideways trend. However, the upward momentum is still being preserved within the rising channel. Any further price increases for this currency pair will still face resistance at the 1.088 level. The upcoming support level at 1.075 from the expected correction could serve as a good stepping stone for EURUSD to continue its upward movement
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