The euro continues to appreciate against the US dollar, having reached relative lows on the 14th of February 2024.
However, as can be seen in the chart below, the price recently encountered an area that may pose a short-term obstacle for buyers.
EUR/USD 4 hours time frame chart. Source: xStation 5
When we look at the US dollar index further reveals that the downward momentum was initiated by a breach of the head and shoulders chart pattern.
Nevertheless, the price is presently testing a significant support zone which might curtail the ongoing downward trend. Furthermore, the technical target of the chart pattern has been met, suggesting a potential weakening of momentum.
USD index. 4 hours time frame chart. Source: xStation 5
Source: currency-strength
Henrique Tomé,Analyst Portugal
عاجل: مؤشر أسعار المنتجين في منطقة اليورو يتوافق مع التوقعات.
عاجل: الإنتاج الصناعي في فرنسا يتجاوز التوقعات!
محضر اجتماع بنك اليابان 🚩يحاول زوج الدولار/ين التعافي
التقويم الاقتصادي: خطابات محافظي البنوك المركزية؛ النتائج الفصلية لشركات فيراري، وأيه إم دي، وفايزر (04.11.2025)
