📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
EURUSD could rise to 1.08. After the low under 1.05 from the beginning of October, EurUsd consolidated and, although it has had 2 attempts to break above 1.0630 resistance, failed in both instances. However, bulls are strong on dips, and with the price back above 1.06, the probability of an up break si high. In such an instance the pair could continue further up and test 1.08, the next important resistance.
📊QUICK FUNDAMENTAL LOOK
The dollar fell broadly on Thursday, tracking a slide in U.S. Treasury yields as markets grew more convinced the Federal Reserve was done with its aggressive monetary policy tightening cycle after it left rates unchanged.
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