EUR/USD Forms New Trading Range Between 1.12 and 1.15
The EUR/USD currency pair broke away from a long-term bear trend, establishing a significant new range between 1.12 and 1.15. This movement is notable as it marks a critical shift in market conditions, prompting traders to consider this new range as they strategize their positions. Important support levels now include the 1.11 and 1.12 marks. Analysts expect buyers to emerge during dips, indicating a bullish sentiment in the market. As uncertainty continues with upcoming tariffs potentially influencing data from the US, now is the time to engage closely with this currency pair and observe how external factors may impact its trajectory.