📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
The EURUSD pair shows weak trades since morning, settling around 1.0900 level, while stochastic continues to provide the positive signals, waiting to resume the expected bullish trend for today, which targets 1.0960 level initially, reminding you that breaching this level will extend the bullish wave to reach 1.1080, while the expected rise will remain valid unless breaking 1.0860 and holding below it.
📊QUICK FUNDAMENTAL LOOK
Euro fell in European trade on Thursday against a basket of major rivals, extending losses for another session against the dollar off three-month highs on active profit-taking, and ahead of major European inflation data for November. The common currency is heading for the largest monthly profit in 2023 as concerns about the widening US-European interest rate gap recede, with recent remarks from ECB officials ruling out early interest rate cuts.
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