The USD is down 1.35% against the EUR today, as U.S. equities decline and bond prices fall. In the process, EURUSD has surged above a key swing area between 1.1482 and 1.15158, pushing the pair to its highest level since November 2021.
That former resistance zone now turns into close support. If the price can hold above it, further upside momentum is likely.
On the daily chart, the next major target for buyers lies in the 1.1665 to 1.16926 area. Similar to today's breakout zone, that region could slow bullish momentum temporarily.
For now, 1.1482–1.15158 is the key technical support to watch. As long as the pair stays above it, the path of least resistance remains to the upside for EURUSD.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd breaks higher and traded to highest level going back november 2021 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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