EUR/USD on the Verge of Resistance Levels, DBS Senior FX Strategist Shares Insights

Thursday, 18 July 2024, 13:45
The EUR/USD currency pair has shown a 2.1% rise in July, hovering around 1.0940 after finding support near 1.07. As per DBS senior FX strategist Philip Wee, the pair is now heading towards crucial resistance levels. This development suggests potential market shifts and trading opportunities for investors.
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EUR/USD on the Verge of Resistance Levels, DBS Senior FX Strategist Shares Insights

EUR/USD Update

The EUR/USD currency pair has appreciated by 2.1% in July, reaching 1.0940 after finding support near 1.07.

Insights by DBS

According to DBS senior FX strategist Philip Wee, the pair is now approaching significant resistance levels.

This development indicates possible market shifts and trading opportunities for investors.

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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