Hello dear friends, let's explore EURUSD today with Karina!
Currently, on the 1-hour chart, the short-term uptrend is being supported by continuous growth from the level of 1.0503. The currency pair is currently trading at 1.062 and has experienced a 0.13% increase for the day.
The immediate resistance level for this currency pair is currently at 1.063. Breaking through this level could lead to further advancement towards 1.068. On the other hand, the price may retreat to lower levels after encountering this resistance due to the recovery of the US Dollar amidst sour risk sentiment weighing on this currency pair.
Immediate support levels can be seen at 1.0590, followed by the range from 1.0550 to 1.0560. Breaking below these levels would weaken the prospects and could test the level of 1.0520.
Currently, on the 1-hour chart, the short-term uptrend is being supported by continuous growth from the level of 1.0503. The currency pair is currently trading at 1.062 and has experienced a 0.13% increase for the day.
The immediate resistance level for this currency pair is currently at 1.063. Breaking through this level could lead to further advancement towards 1.068. On the other hand, the price may retreat to lower levels after encountering this resistance due to the recovery of the US Dollar amidst sour risk sentiment weighing on this currency pair.
Immediate support levels can be seen at 1.0590, followed by the range from 1.0550 to 1.0560. Breaking below these levels would weaken the prospects and could test the level of 1.0520.
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