EUR/USD Holds Steady Amid Narrow Range, Eyes Higher Targets
The EUR/USD is struggling to shake off Monday's UK Bank Holiday vibes and remains stuck in a narrow range between $1.1154 and $1.1178. However, the bullish trend remains intact as long as the pair stays above Thursday's low of $1.1096. If the price holds above this level, it could target $1.1195, with a potential further rise to $1.1250. This outlook is supported by expectations of a Federal Reserve rate cut and ongoing disappointing U.S. economic data.
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This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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