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Category: Forex News, News
EUR/USD, GBP/USD, DXY Price Forecast: DXY Surges to $103.24; Buy Now?
However, a break below $102.710 could trigger significant selling pressure.
EUR/USD Technical Forecast
The EUR/USD is trading at $1.09103, down 0.14%, reflecting a bearish sentiment as it stays below the pivot point at $1.09326. Immediate resistance is at $1.09632, with additional resistance levels at $1.09983 and $1.10270.
Support is positioned at $1.08925, $1.08663, and $1.08185, suggesting potential areas of further decline. The 50-day EMA is at $1.08826, and the 200-day EMA is at $1.08433, indicating downward pressure.
The outlook remains bearish below $1.09326, and a break above this level could shift momentum to a bullish bias.
GBP/USD Technical Forecast
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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