EUR/USD Analysis: Potential Breakout at Key Resistance Levels

Thursday, 18 July 2024, 08:47

EUR showing strength with rejuvenated momentum. UOB Group forecast a test of the 1.0970-1.0980 resistance zone. Uncertainty looms on the likelihood of a clear breakout above these levels, as outlined by analysts Quek Ser Leang and Lee Sue Ann. Traders are advised to closely monitor market movements for potential trading opportunities.
Fxstreet
EUR/USD Analysis: Potential Breakout at Key Resistance Levels

EUR/USD Analysis

Key Resistance Levels

  • EUR showcasing strength with rejuvenated momentum
  • UOB Group predicts a test of the 1.0970-1.0980 resistance zone
  • Uncertain about a clear breakout above the levels
  • Analysts Quek Ser Leang and Lee Sue Ann share insights

Traders should stay alert for potential opportunities in the market.


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.


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