The EUR/USD accelerated to the upside and climbed to 1.0667, reaching a fresh daily high.
The US Dollar extends slide following the release of US data. Stocks in Wall Street open higher, putting additional pressure on the Greenback. EUR/USD tests a short-term downtrend line and remains firmly above 1.0600. This upward movement gained momentum after the release of US data and the positive Wall Street opening. Dollar remains under pressure The US Dollar continues to be weighed down by an improvement in risk sentiment and a decline in Treasury yields.
Bullish but facing resistance The EUR/USD is currently testing a downtrend line near 1.0670, and if it breaks above this level, it could trigger further gains with potential exposure to 1.0700. The bullish tone in the market is likely to persist as long as the pair remains above the 1.0580 level. On the 4-hour chart, the price is holding firm above key Simple Moving Averages, and technical indicators point to the upside. 4-hour chart Technical levels EUR/USD Overview Today last price 1.
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