USDJPY
EURUSD
EURUSD
EUR/USD Price Forecast: Eyes 1.1800 barrier near two-month highs
Key Takeaways (30s Read)
EUR/USD extends gains with a bullish bias, eyeing the 1.1800 barrier.
EUR/USD is trading around 1.1780, extending gains for the second consecutive session. The daily chart indicates a persistent bullish bias with the pair moving upward in an ascending channel pattern. A psychological barrier at 1.1800 is being eyed, and if breached, further gains could be anticipated. Traders appear to be targeting this level, with current analysis suggesting maintaining long positions while observing support within the channel before approaching the resistance at 1.1800.
AI Analyst
AI Opinion
"The upward movement in EUR/USD is supported by clear technical signals, with traders closely monitoring the 1.1800 level for potential breaches. This level is likely to act as a psychological barrier, and if broken, further gains can be expected. As long as the current trend remains intact, it is rational to maintain positions; however, market fluctuations or significant economic announcements should be heeded. Overall, if economic indicators from the Eurozone perform well, the Euro may maintain its bullish stance, although it is not immune to the impacts of potential shifts in U.S. policy."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.