JinDao_Tai

EURUSD Outlook 1st March 2023

FX:EURUSD   Euro / U.S. Dollar
Overnight, the EURUSD rose to test the near term resistance level of 1.0640 before retracing sharply.

The price volatility of the EURUSD is likely to remain within the 1.0535 and 1.0640 price range with no clear directional bias.

Look for a brief move lower, possibly to retest the 1.0535 price level, especially if the DXY signals a sustained recovery in strength.

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