EURUSD : Prospects are still beneficial for the Cow!
Hello everyone, Brian here!
After a sharp rise on Wednesday, the EUR/USD pair struggled to maintain its momentum and modestly closed lower on Thursday. By Friday, the pair stabilized around the 1.0850 mark and began the new week showing some recovery, hovering around 1.088.
On the 4-hour chart, EUR/USD continues to display encouraging signs for buyers. The price remains above both the 34 and 89 EMA lines, and the uptrend line is holding steady. These elements are currently the main drivers supporting the pair's positive trajectory.
After a sharp rise on Wednesday, the EUR/USD pair struggled to maintain its momentum and modestly closed lower on Thursday. By Friday, the pair stabilized around the 1.0850 mark and began the new week showing some recovery, hovering around 1.088.
On the 4-hour chart, EUR/USD continues to display encouraging signs for buyers. The price remains above both the 34 and 89 EMA lines, and the uptrend line is holding steady. These elements are currently the main drivers supporting the pair's positive trajectory.
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