EUR/USD Hits 1.0900 Resistance: Breakout or Pullback?
The EUR/USD pair is touching a strong resistance area around 1.09224, with the 34 and 89 EMAs acting as key resistance levels. If the price fails to break through this resistance zone, a pullback toward the support area around 1.0800 could occur.
The recent trendline shows that buying pressure remains, but the uptrend might weaken without sufficient momentum to push beyond the current resistance. Both the MACD and RSI indicate saturation, signaling a potential pullback if selling pressure increases at this level.
Recent news on Fed policy expectations could impact the USD and the EUR/USD pair, driving significant volatility.
The recent trendline shows that buying pressure remains, but the uptrend might weaken without sufficient momentum to push beyond the current resistance. Both the MACD and RSI indicate saturation, signaling a potential pullback if selling pressure increases at this level.
Recent news on Fed policy expectations could impact the USD and the EUR/USD pair, driving significant volatility.
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