EUR/USD: Will it top $1.0920 and reach a new year’s high rate?
|EUR/USD
Looking at EURUSD’s weekly chart, we can see that the FX pair topped twice at its resistance level at around $1.0920 and currently it is traded at around $1.0904. Today, if it holds the level of $1.09, then we could see it rising above that resistance level to a new year’s high rate, otherwise it should drop towards the support level of around $1.0840. Today, the European CPI and the US’ PCE Price Index will be announced, which will play a significant part on the direction of the forex pair.
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