EURUSD: holding higher levels
Dear friends,
Today, EURUSD continues to trade in an upward trend.
It is noticeable that the overall performance of the US dollar remains weak, despite the mixed market sentiment, as investors contemplate betting on a Fed interest rate cut and the risk of a US government shutdown ahead of the Fed Minutes.
Currently, from the 1-hour chart, although EURUSD is trading relatively calmly at a high level, the possibility of a short-term price increase is still firmly consolidating. The EMA signal, along with the upward trend, supports the price increase of EURUSD. The price target reaching the 1.0840 area continues to be emphasized.
Today, EURUSD continues to trade in an upward trend.
It is noticeable that the overall performance of the US dollar remains weak, despite the mixed market sentiment, as investors contemplate betting on a Fed interest rate cut and the risk of a US government shutdown ahead of the Fed Minutes.
Currently, from the 1-hour chart, although EURUSD is trading relatively calmly at a high level, the possibility of a short-term price increase is still firmly consolidating. The EMA signal, along with the upward trend, supports the price increase of EURUSD. The price target reaching the 1.0840 area continues to be emphasized.
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