EUR/USD Technical Analysis and Bank Predictions for Strength towards 1.1275
Monday, 26 August 2024, 02:52
EUR/USD Technical Insights
The EUR/USD currency pair is poised for further gains as indicated by recent technical analysis from banks. Current forecasts suggest movement towards 1.1225, reflecting a bullish trend. However, the forecasted resistance level at 1.1275 poses a challenge that traders must consider.
Key Resistance Levels
- 1.1225: Immediate support target
- 1.1275: Significant resistance level
While the potential for strength exists, the resistance level will require careful monitoring. Analysts recommend watching market cues closely as the day progresses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.