Hey fellow traders, let’s chat and exchange insights on EUR/USD!
Today, EUR/USD continues to hold its bullish momentum, moving within an upward price channel on the 1-hour chart. In the short term, the pair remains supported, trading above the EMA 34 and 89, signaling further potential upside.
The Euro (EUR) has gained support from progress in peace talks between Russia and Ukraine. However, market sentiment could shift quickly depending on developments in the conflict, making it crucial for traders to monitor geopolitical news and economic data closely in the coming days.
With traders waiting eagerly for new policy updates, USD is not being favored as an investment option, allowing EUR/USD to maintain its advantage.
💡 What’s your take on EUR/USD? Share your thoughts below! ⬇️