EURUSD Chart Technical Outlook
Resistance Levels: R1 1.1000 R2 1.1003 R3 1.1007
Support Levels: S1 1.0993 S2 1.0989 S3 1.0986
Sentiments Sideways to Bullish
The European Central Bank stands between a rock and a hard place.
EUR/USD points to 1.1460/70 as long as buyers defend the psychological 1.1000 mark.
The EUR/USD pair advanced for a fourth consecutive week, reconquering 1.1000 and trading as high as 1.1075, a level that was last seen in March 2022. Optimism arose, and the US Dollar sold off on the back of softer-than-anticipated United States inflation-related figures.