Could EUR/USD rise towards the 1.05 level?

AAATrade Team AAATrade

EUR/USD

Looking at EURUSD’s chart, we can see that in the past weeks, it is tested twice its lowest price which was close to 1.04 and it is currently at the rate of 1.0435. Today if it keeps its rate above the level of 1.04, we could see it rising towards its first resistance level at around 1.05 and if it will be able to break it through then it should rise towards its next resistance level at around 1.057-1.0580.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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