EUR/USD Maintains Momentum Against Resistance Amid German Debt Brake Reform
The EUR/USD pair shows resilience in today’s trading. The dollar faces downward pressure despite a subdued risk sentiment. Currently, EUR/USD is up 0.2%, reaching 1.0855. This upward movement reflects the strength from last week. However, the key test remains at the 200-week moving average situated at 1.0865. Breaking through this barrier could confirm a continued bullish trend for the euro against the US dollar. Market participants are watching closely as the German debt brake reform comes into play, potentially influencing future movements in the pair. Trading strategies should consider this technical resistance level closely as the week progresses.