U.S. Dollar Tries To Gain More Ground Against EuroEUR/USD is currently trying to settle below the support level at 1.1300 while the U.S. dollar is moving higher against a broad basket of currencies.
The U.S. Dollar Index attempts to settle above 96.25. In case the U.S. Dollar Index manages to settle above the resistance at 96.25, it will head towards the resistance at 96.50, which will be bearish for EUR/USD.
EUR/USD is testing the support level at 1.1300. In case EUR/USD manages to settle below this level, it will move towards the support level at 1.1270, although it may also get some support near 1.1285.
On the upside, the previous support level at 1.1330 will serve as the first resistance level for EUR/USD. If EUR/USD gets above this level, it will move towards the resistance, which is located near the 50 EMA and the 20 EMA at 1.1345.A move above the 50 EMA will indicate that EUR/USD will try to gain sustainable upside momentum. In this scenario, EUR/USD will move towards the resistance at 1.1370.
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