Hello dear friends, EURUSD is still maintaining its recovery well by holding above the 1.09 level. However, the upward momentum is being limited by the resistance level at 1.096.
Accordingly, the US Dollar has further rebounded from its monthly lows, gaining momentum after the release of mixed data from the United States, which showed a larger-than-expected decrease in initial jobless claims and a significant drop in durable goods orders. Today, the US market will remain closed. The increase in treasury bond yields supports the continuous adjustment of the US Dollar and poses a significant barrier for EURUSD.
Accordingly, the US Dollar has further rebounded from its monthly lows, gaining momentum after the release of mixed data from the United States, which showed a larger-than-expected decrease in initial jobless claims and a significant drop in durable goods orders. Today, the US market will remain closed. The increase in treasury bond yields supports the continuous adjustment of the US Dollar and poses a significant barrier for EURUSD.
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