EUR/USD, H4
The EUR/USD pair is advancing, capitalising on a weakening U.S. dollar, though it now encounters
significant resistance at the proximal 1.0866 level. Emerging signs of an acceleration in Eurozone
inflation, underscored by a marginally higher Consumer Price Index (CPI) alongside enhanced
Purchasing Managers' Index (PMI) figures, imply a fortification of the European economic landscape,
thereby underpinning the Euro's valour. A forthcoming address by European Central Bank (ECB)
President Christine Lagarde stands as a potentially critical determinant for the currency pair's
trajectory in the near term.
EUR/USD has eased from its bullish trend and is facing a strong resistance level at near 1.0866. The
MACD flows flat above the zero line while the RSI hovering near the overbought zone suggests the
bullish momentum remains intact with the pair.
Resistance level: 1.0865, 1.0954
Support level: 1.0775, 1.0770
The EUR/USD pair is advancing, capitalising on a weakening U.S. dollar, though it now encounters
significant resistance at the proximal 1.0866 level. Emerging signs of an acceleration in Eurozone
inflation, underscored by a marginally higher Consumer Price Index (CPI) alongside enhanced
Purchasing Managers' Index (PMI) figures, imply a fortification of the European economic landscape,
thereby underpinning the Euro's valour. A forthcoming address by European Central Bank (ECB)
President Christine Lagarde stands as a potentially critical determinant for the currency pair's
trajectory in the near term.
EUR/USD has eased from its bullish trend and is facing a strong resistance level at near 1.0866. The
MACD flows flat above the zero line while the RSI hovering near the overbought zone suggests the
bullish momentum remains intact with the pair.
Resistance level: 1.0865, 1.0954
Support level: 1.0775, 1.0770