Category: Forex News

EUR/USD, GBP/USD, DXY Price Forecast: DXY Bullish Above $103.80 Amid Key US/EU Data

The EUR/USD experienced a slight increase of 0.08%, reaching 1.08434. This uptick suggests a cautious optimism in the market. The pivot point for this currency pair is set at $1.0825, acting as a critical marker for future movements.

Resistance levels are established at $1.0864, $1.0887, and $1.0910, presenting potential hurdles for upward progression. On the flip side, support is identified at $1.0796, with additional levels at $1.0762 and $1.0731, which could provide a buffer against declines.

The 50 EMA at $1.0823 and the 200 EMA at $1.0883 offer insights into short-term and long-term trends, respectively. The EUR/USD shows bullish potential above the $1.0825 mark, indicating room for further gains if it remains above this key level.

GBP/USD Technical Forecast


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