EUR/USD - Overview from 11.09.2024
Published on 11.09.2024 12:08
The quotes of the EUR/USD pair have reached the previously mentioned level of 1.1020 and are showing local growth. However, considering the average daily volatility, the upcoming publication of inflation data in the USA, and the relative uncertainty associated with expectations of the Federal Reserve's decision next week, significant directional movements are not expected.
Technically
If there is growth, resistance zones can be found around levels 1.1070-1.1090, and then at the mark 1.1100 and above. In case of updating the local minimum, support can be found under the level 1.1000, up to 1.0960, and when moving lower - in the zone of the level 1.0930.