Generally the Direction: The EURUSD trades between two sensitive levels in the long time which is resistance of 1.0896 and support of 1.0670.
Uptrend Side: the euro price rose to 1.0833 and tried to stabilize above it, to be more bullish, but currently the price is in the correction process after this process the price should start rising toward 1.0865.
Downtrend Side: However, it is important to note that the outlook may turn bearish if the price stabilizes below 1.0795. In such a scenario, the stabilization under this level could indicate a shift in trend until 1.0775, suggesting a potential decline in the index.
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Feragatname
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