EUR/USD Price Movement Analysis: Key Resistance Level at 1.0950
Monday, 11 March 2024, 05:21
EUR/USD Price Analysis
EUR/USD is currently treading water below the major resistance level of 1.0950, indicating a period of consolidation and uncertainty in the market.
Movement Amid Stable USD
The pair exhibits sideways movement amid a stable US Dollar following the upbeat US Nonfarm Payrolls released on Friday, suggesting a balanced market sentiment.
- Key Level: 1.0950 resistance
- Market Indecision: potential indecision among traders
- Market Sentiment: cautious
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.