Hello dear friends, let's explore the EUR price after yesterday's big fluctuations!
About today's news developments and results:
The weakness of the Greenback can be seen as a factor influencing a certain recovery of EUR/USD, increasing the possibility and appeal of the Euro compared to the USD.
Conclude
Ahead of the US labor market report, the weakness of the Greenback created conditions for EUR/USD to recover slightly. However, this move could be influenced by the released figures, which could cause greater volatility for the pair. Since this factor brings unpredictable declines, we need to understand that breaking the ascending channel support will disrupt the structure.
Technically, 1.0800 could become support for potential accumulation before further growth. A retest of the 1.0877 resistance would show that the coin is ready to break this zone and continue rising towards the range resistance of 1.0933.
Hey traders, if you like this idea or if you have your own views on it, write a comment. I will be very happy
About today's news developments and results:
The weakness of the Greenback can be seen as a factor influencing a certain recovery of EUR/USD, increasing the possibility and appeal of the Euro compared to the USD.
Conclude
Ahead of the US labor market report, the weakness of the Greenback created conditions for EUR/USD to recover slightly. However, this move could be influenced by the released figures, which could cause greater volatility for the pair. Since this factor brings unpredictable declines, we need to understand that breaking the ascending channel support will disrupt the structure.
Technically, 1.0800 could become support for potential accumulation before further growth. A retest of the 1.0877 resistance would show that the coin is ready to break this zone and continue rising towards the range resistance of 1.0933.
Hey traders, if you like this idea or if you have your own views on it, write a comment. I will be very happy
Trade active
Trade active
Comment:
