The EUR/USD pair recovers some lost ground above the mid-1.0500s during the early European session on Friday. The lower US Treasury bond yields drag t
EUR/USD hovers around 1.0565 amid the USD weakness, lower US bond yield. The pair holds below the 100- and 200-hour EMAs; the RSI indicator is located in bearish territory under 50. The first resistance level is located at 1.0580; 1.0522 acts as the initial support level. he US Dollar lower, which acts as a tailwind for the EUR/USD pair. On Thursday, the European Central Bank decided to leave interest rates unchanged as widely expected.
0580. Any follow-through buying above the upper boundary of Bollinger Band of 1.0660 will see the rally to 1.0694 , followed by 1.0735 . On the other hand, 1.0522 acts as the initial support level for EUR/USD. The key contention level is seen at the 1.0500-1.0505 region, portraying the confluence of the lower limit of the Bollinger Band and a psychological round figure. A decisive break below the latter will see a drop to 1.0450 . EUR/USD four-hour chart EUR/USD Overview Today last price 1.
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