Daily Forex News and Watchlist: EUR/USD

Traders are buying “risky” assets today and EUR/USD is taking advantage of the intraday trend! How high can EUR/USD fly before it attracts selling pressure again?

Sentiment is: Neutral

Technical Analysis

EUR/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 8 hours.

EUR/USD - getting close to psychological price line

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