EUR/USD reaches the highest level in a week at 1,0600
Yesterday, there was further upward movement in the Eurusd currency pair as anticipated.
The Eurusd pair reached a weekly high at $1.0600 and is presently trading steadily at $1.0584, indicating a marginal weekly increase. Surprisingly, the US dollar experienced continued weakening on Friday, which provided strong support for the Eurusd pair to persist.
According to the one-hour chart analysis, this particular currency duo is experiencing an expansion in its uptrend. Gold prices are expected to maintain their upward trajectory towards 1.061 before encountering resistance and potentially retracing towards 1.052 levels.
On the flip side, if there is a breakout above 1.061 levels witnessed in this currency duo's price action, it would propel it further upwards towards 1.083 USD mark
The Eurusd pair reached a weekly high at $1.0600 and is presently trading steadily at $1.0584, indicating a marginal weekly increase. Surprisingly, the US dollar experienced continued weakening on Friday, which provided strong support for the Eurusd pair to persist.
According to the one-hour chart analysis, this particular currency duo is experiencing an expansion in its uptrend. Gold prices are expected to maintain their upward trajectory towards 1.061 before encountering resistance and potentially retracing towards 1.052 levels.
On the flip side, if there is a breakout above 1.061 levels witnessed in this currency duo's price action, it would propel it further upwards towards 1.083 USD mark
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I would like to emphasize this test in a short time the main trend is still to increase the price increase
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