📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
The EURUSD pair shows new positive trades to attack 1.0640 level and attempts to hold above it, which pushes the price to achieve additional bullish correction in the upcoming sessions, paving the way to head towards 1.0760 as a next main station. Therefore, the bullish bias will be suggested for the rest of the day, supported by the EMA50 that carries the price from below, taking into consideration that failing to consolidate above 1.0640 will push the price to return to the main bearish track again. The expected trading range for today is between 1.0600 support and 1.0720 resistance.
📊QUICK FUNDAMENTAL LOOK
Euro rose in European trade against a basket of major rivals, extending gains for the second straight session against yen and trading above the psychological barrier of 160 yen for the first time in 15 years. Such aggressive gains came after inflation data showed core prices were still naggingly high, even as they slowed down slightly.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.