Alexander_Bennett

EURUSD: Increase on the trend

FX:EURUSD   Euro / U.S. Dollar
Hello everyone! What do you think the next trend for EUR/USD will be?

Currently, EUR/USD is trading close to 1.0900, having risen slightly early Friday. The pair is benefiting from a risk-on market environment, fueled by Thursday's rate cut decision by the ECB. This has increased expectations for a Fed rate cut in September, providing a positive boost for EUR/USD's recovery.

From a technical analysis perspective, the pair maintains its upward trend, well-supported by a strong trendline. Although there hasn’t been a clear breakout yet, the outlook remains bullish, supported by the EMAs in the short to medium term.
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