EURUSD before the news
Today, we're expecting significant USD-related news.
Inflation data will be released during the US session, likely causing increased volatility across most instruments.
Yesterday, EURUSD hit its resistance level at 1.1000 and has remained there since.
The key now is to observe the reaction following the news and determine the next direction.
We need to see if the pair will confirm a bullish trend and rise further or if it will face rejection at the resistance level.
If it does move higher, the next resistance levels to watch are 1.1024 and 1.1059.
Inflation data will be released during the US session, likely causing increased volatility across most instruments.
Yesterday, EURUSD hit its resistance level at 1.1000 and has remained there since.
The key now is to observe the reaction following the news and determine the next direction.
We need to see if the pair will confirm a bullish trend and rise further or if it will face rejection at the resistance level.
If it does move higher, the next resistance levels to watch are 1.1024 and 1.1059.
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