EURUSD: Maintain a stable price
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Hello EURUSD traders!
Yesterday, EURUSD experienced a significant price surge, powerfully bouncing and nearly touching the 1.090 mark. However, it encountered a strong resistance level at this threshold (indicated by a circle on the chart) followed by a slight adjustment.
Although it hasn't broken through the resistance with notable strength, the current uptrend is still highly favored, especially after the pair exited a prolonged downtrend with a breakout. With the 34 and 89 EMA lines moving into a convergence zone, it's anticipated that the price will maintain its stability as it has recently.
In summary, as long as EURUSD holds the 1.070 support level, the upward momentum is expected to continue. My target is set at 1.090 once again. What about you?
Yesterday, EURUSD experienced a significant price surge, powerfully bouncing and nearly touching the 1.090 mark. However, it encountered a strong resistance level at this threshold (indicated by a circle on the chart) followed by a slight adjustment.
Although it hasn't broken through the resistance with notable strength, the current uptrend is still highly favored, especially after the pair exited a prolonged downtrend with a breakout. With the 34 and 89 EMA lines moving into a convergence zone, it's anticipated that the price will maintain its stability as it has recently.
In summary, as long as EURUSD holds the 1.070 support level, the upward momentum is expected to continue. My target is set at 1.090 once again. What about you?
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