EUR/USD May Experience Pullback If 1.0950 Resistance Holds
The EUR/USD currency pair has seen a notable upward trend earlier this month, reclaiming its 200-DMA, which currently sits at 1.0725. Analysts from Societe Generale caution that the inability to overcome the 1.0950 resistance level may trigger a potential pullback. Traders should keep an eye on this resistance level, as it may determine future movements in the pair. Economic indicators and geopolitical factors will play crucial roles in shaping the direction of EUR/USD in the coming weeks. Viewing resistance levels and market sentiment will be essential for navigating potential volatility in this currency pair.