EUR/USD: Breakout or Pullback Amid Volatility?
EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034.
The widening Bollinger Bands signal that a wave of volatility could strike at any moment.
RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory.
If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034.
The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
The widening Bollinger Bands signal that a wave of volatility could strike at any moment.
RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory.
If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034.
The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
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