EUR/USD Retraces After Reaching Target: What’s Next?
Recently, the Euro achieved its target range of 1.0930-50 only to retract toward 1.0825 thereafter. Analyzing the intraday charts, it appears that if prices remain below the resistance range of 1.0930-50, a further correction could drive the market down toward the 1.0740-65 region. Market participants should stay alert to movements within these levels as they can indicate potential trend shifts. Adapting strategies accordingly will be critical in facing this volatile currency pair in the near future.