EUR/USD Breakout Towards 1.1300
Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106.
The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend.
Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high.
A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300.
Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend.
Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high.
A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300.
Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.