Category: Forex News
EUR/USD, GBP/USD, DXY Price Forecast: : US CPI Sets Tone, DXY Faces 102.90 Pivot
The EUR/USD pair has shown a modest uptick of 0.10%, reaching a price point of 1.09363. It hovers above the pivot point at 1.09336, which acts as the current fulcrum for its trading bias.
The pair encounters immediate resistance at 1.09540, with further barriers at 1.09803 and 1.09971. Conversely, support lies at 1.09189, followed by 1.09036 and 1.08816, marking potential fallback positions.
The 50-day and 200-day EMAs, at 1.08931 and 1.08494 respectively, support a bullish sentiment as long as the price remains above the pivot.
GBP/USD Technical Forecast
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