EUR/USD Testing Key Resistance Amid Bullish Momentum
EUR/USD is riding a strong uptrend, supported by technical momentum and weakening U.S. fundamentals, such as dovish Fed expectations and soft economic data. We're approaching key resistance, where a breakout could lead to further gains, but if resistance holds, a pullback to support is possible. Meanwhile, we'll stay in the current uptrend until we reach this key level, keeping an eye on Fed updates for any shifts in direction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.