EUR/USD PRICE FORECAST: KEEPS BULLISH VIBE, FIRST UPSIDE TARGET EMERGES NEAR 1.1400
EUR/USD PRICE FORECAST: KEEPS BULLISH VIBE, FIRST UPSIDE TARGET EMERGES NEAR 1.1400
The EUR/USD pair is trading around 1.1360 during the Asian session on Monday, maintaining a bullish outlook despite mixed signals on US-China trade relations.
EUR/USD is holding steady at approximately 1.1360, showing resilience amid global economic uncertainties.
Investors are grappling with conflicting messages regarding US-China trade relations, leading to cautious optimism in the markets.
The first significant resistance level for EUR/USD is identified at 1.1400, a psychological barrier and a key Fibonacci retracement level.
As long as the pair maintains levels above 1.1300, the bullish trend is expected to continue, with potential upward movement towards 1.1400 and beyond.
Despite the mixed trade signals, the overall market sentiment remains cautiously optimistic, supporting the Euro against the US Dollar.
