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Home News EURUSD Resumes Upswing, Eyes 1.1000$ Level

EURUSD Resumes Upswing, Eyes 1.1000$ Level

by Barbara
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The EURUSD pair has rebounded positively, finding support along the bullish channel’s lower boundary and is currently approaching the 1.0915$ mark. A breakthrough above this level is awaited to confirm a path towards the next significant target at 1.1000$.

Supporting this upward momentum is the EMA50 indicator, reinforcing expectations of further bullish movement. However, caution is advised as a breach below key levels at 1.0880$ and 1.0840$ could signal a reversal, prompting a bearish correction in the near term.

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Today’s anticipated trading range spans from the support level at 1.0840$ to resistance at 1.0980$, shaping the intraday outlook for EURUSD.

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