EUR/USD Forecast: Euro could struggle to clear 1.0930-1.0935 hurdle - Interstellar Group
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EUR/USD Forecast: Euro could struggle to clear 1.0930-1.0935 hurdle

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2024-01-23
Market Forecast
EUR/USD Forecast: Euro could struggle to clear 1.0930-1.0935 hurdle
  • EUR/USD gained traction and recovered above 1.0900 early Tuesday.
  • Strong resistance seems to have formed in the 1.0930-1.0935 region.
  • Risk perception could impact the pair’s action in the second half of the day.

After posting marginal losses on Monday, EUR/USD benefited from the renewed US Dollar (USD) weakness and climbed above 1.0900 in the early trading hours of the European session on Tuesday. The pair, however, could have a difficult time clearing the 1.0930-1.0935 resistance area unless there is a noticeable improvement in risk mood later in the day.

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