EUR/USD: Potential rise today, towards its resistance level of $1.0820

AAATrade Team AAATrade

Looking at EURUSD’s chart, we can see that the FX pair is in a downtrend today, and it is currently traded 25 pips above its support level, at the rate of $1.0735. Today, if it holds above the support level of $1.07-1.0710, we could expect it to rise towards its resistance level at around $1.0820. Its direction will also depend on the US’ announcements at 15:30 (GMT+3) on durable goods orders and on the PCE price index.

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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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