EUR/USD, H4 9 April 2024
The EUR/USD pair maintains its upward trajectory, currently facing resistance around the 1.0866 level. The currency pair is capitalising on a reticent dollar, leveraging the anticipation surrounding tomorrow's U.S. Consumer Price Index (CPI) release to gain ground. Concurrently, market participants are closely monitoring the upcoming European Central Bank (ECB) monetary policy statement and interest rate decision, also scheduled for tomorrow, which could significantly influence the pair's movement.
EUR/USD rebounded at its psychological support level at 1.0800, Suggesting the pair remains trading with bullish momentum.
Resistance level: 1.0866, 1.0954📉
Support level: 1.0775, 1.0700📈
The EUR/USD pair maintains its upward trajectory, currently facing resistance around the 1.0866 level. The currency pair is capitalising on a reticent dollar, leveraging the anticipation surrounding tomorrow's U.S. Consumer Price Index (CPI) release to gain ground. Concurrently, market participants are closely monitoring the upcoming European Central Bank (ECB) monetary policy statement and interest rate decision, also scheduled for tomorrow, which could significantly influence the pair's movement.
EUR/USD rebounded at its psychological support level at 1.0800, Suggesting the pair remains trading with bullish momentum.
Resistance level: 1.0866, 1.0954📉
Support level: 1.0775, 1.0700📈