Economic Calendar Analysis
Moderate levels of volatility may occur due to ongoing uncertainty surrounding United States politics.
EUR/USD hourly chart analysis
In the short term 1.1600 price level resistance may be tested if further uncertainty, 1.13600 support levels and 1.13000 levels may be tested ir minor bearishness occurs.Hourly Chart
EUR/USD daily chart's review
The resistance level at 1.1200 has been breached. This breakout suggests that the price could continue its upward trajectory in the near term, with the next significant target being 1.22000. Traders and analysts will likely be monitoring this level closely, as it could indicate continued strength in the market and potentially lead to further gains if buying pressure persists.Daily chart
Read More: Technical Analysis
Traders sentiment is bearish
Trader sentiment has seen slight changes in the FX pair, with increasing levels of bullishness. However, the majority of traders remain bearish.