In the early Asian session today, the EUR/USD currency pair made a noteworthy move by touching the psychological resistance level of 1.1000. This marks the first time in over two months that the major currency pair has reached this level. While the pair is facing obstacles in extending its rally beyond this point, the upside momentum is still holding strong. This is partly due to the fact that the United States inflation has softened as predicted by market participants.
As of now, it remains to be seen whether the price will continue to rise throughout the day. Nevertheless, the current trend suggests that there is potential for further growth.
As of now, it remains to be seen whether the price will continue to rise throughout the day. Nevertheless, the current trend suggests that there is potential for further growth.
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