EUR/USD Forecast – Euro Attempts to Break Resistance

A potential pullback in the market could lead to a move down to the 1.0850 level, followed by a possible bounce at the 1.208 level. Despite recent bullish momentum, the pair is still rangebound from a longer-term perspective. This suggests that there may be choppy and noisy behavior ahead, but the current market sentiment appears to be favoring the euro. As a result, attempting to short this pair may be challenging given the strong momentum driving the market. Stay informed about today’s economic events by checking our economic calendar.