Euro / Dolar A.S.
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EUR/USD: Short-term Outlook and Growth Trend of EUR/USD

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EUR/USD slightly increased on Thursday and is expected to remain stable in the Asian trading session on Friday, around the level of 1.0730.

Looking at the one-hour chart, we can see signs of slight decrease in price. However, this is only a short-term prospect. There is a possibility that the price will retrace to the 0.5-0.618 Fibonacci level before returning to the upward trend and targeting resistance levels. The initial target is 1.0740, followed by 1.0756, and finally the psychological level of 1.0787.
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