The Euro is trading flat against the U.S. Dollar on Friday after yesterday’s volatile trading session led to a steep loss. On Thursday, the European Central Bank (ECB) eased the pace of its interest rate hikes but stressed significant tightening remained ahead and laid out plans to drain cash from the financial system.
A trade through the June 9 main top at 1.0774 will reaffirm the uptrend. A move through 1.0443 will change the main trend to down.
The minor range is 1.0443 to 1.0736. The EUR/USD is currently testing its pivot at 1.0590.
The short-term range is 1.0290 to 1.0736. Its pivot at 1.0513 is additional support.
A trade through the June 9 main top at 1.0774 will reaffirm the uptrend. A move through 1.0443 will change the main trend to down.
The minor range is 1.0443 to 1.0736. The EUR/USD is currently testing its pivot at 1.0590.
The short-term range is 1.0290 to 1.0736. Its pivot at 1.0513 is additional support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.