📈 EUR/USD maintains its bullish stance above 1.1000. 💵 Benefiting from a weakened US Dollar following mixed economic releases. Mixed Economic Releases Impact on Dollar:
🔄 Despite a revised lower third-quarter GDP growth and inflation rates. 📉 The dollar faced pressure as initial jobless claims fell below expectations. Focus on Upcoming PCE Price Index:
👀 Attention turns to the upcoming PCE Price Index. 📉 Speculation that a subdued increase may further weigh on the USD before the holiday slowdown begins. EUR/USD Current Movement:
↔️ Currently, the EUR/USD is moving in consolidation around the upper band of the Bollinger Bands. 📈 This movement shows a possibility that EUR/USD might continue its previous movement and goes higher. Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) maintains its position at 65. 😐 Signaling a neutral with a slight bullish outlook for this currency pair. Key Technical Levels:
🚀 Resistance levels: 1.1042, 1.1138. 📉 Support levels: 1.0946, 1.0830.