EURUSD

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EURUSD

The decline in US 10-year Treasury yields and the weakening of the Dollar Index supported an upward movement in the EUR/USD pair. The pair is showing a positive outlook by staying above the 200-period moving average of 1.0850. This situation increases the expectation of an increase to 1.0945 and 1.0985 in the short term. However, for this scenario to be considered invalid, the pair needs to fall below 1.0850 and exhibit a permanent movement below this level. In this case, the 1.0825 level may come to the fore as an important support. Support: 1.09 – 1.087 Resistance: 1.0945 – 1.1015