EURUSD : remains capped below 1.0800
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Hello dear friends!
Today, the EURUSD currency pair is moving around the level of 1.079 and experiencing a slight recovery due to the weakening of the US dollar following the release of the US Consumer Price Index (CPI) news yesterday.
On the 4-hour analysis chart: If the Euro strengthens and stabilizes above the level of 1.0805, it will reinforce short-term prospects for greater profit potential, aiming for a level above 1.0830. On the other hand, if the support level of 1.074 is broken, it will be a good opportunity for the bearish side to push prices down to lower levels quickly!
Today, the EURUSD currency pair is moving around the level of 1.079 and experiencing a slight recovery due to the weakening of the US dollar following the release of the US Consumer Price Index (CPI) news yesterday.
On the 4-hour analysis chart: If the Euro strengthens and stabilizes above the level of 1.0805, it will reinforce short-term prospects for greater profit potential, aiming for a level above 1.0830. On the other hand, if the support level of 1.074 is broken, it will be a good opportunity for the bearish side to push prices down to lower levels quickly!
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