Hello dear friends, let's discuss today's EURUSD market with me !
The EURUSD pair has been trading quite calmly and hasn't shown much price change, maintaining around 1.083 USD since the start of the week.
Looking at today's short-term chart analysis: The pair has retreated beyond the 0.5 - 0.618 Fibonacci retracement levels, suggesting that sellers might have an edge during this period. However, it's still showing weak activity as the price hovers around and coincides with the 34 and 89 EMAs.
If things go as expected and the pair follows the anticipated path, after a slight sideway movement, it might aim for the next target at the 1.086 resistance level. Let's wait and see the outcome!
The EURUSD pair has been trading quite calmly and hasn't shown much price change, maintaining around 1.083 USD since the start of the week.
Looking at today's short-term chart analysis: The pair has retreated beyond the 0.5 - 0.618 Fibonacci retracement levels, suggesting that sellers might have an edge during this period. However, it's still showing weak activity as the price hovers around and coincides with the 34 and 89 EMAs.
If things go as expected and the pair follows the anticipated path, after a slight sideway movement, it might aim for the next target at the 1.086 resistance level. Let's wait and see the outcome!
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