EUR/USD: Short-term Outlook and Growth Trend of EUR/USD
EUR/USD slightly increased on Thursday and is expected to remain stable in the Asian trading session on Friday, around the level of 1.0730.
Looking at the one-hour chart, we can see signs of slight decrease in price. However, this is only a short-term prospect. There is a possibility that the price will retrace to the 0.5-0.618 Fibonacci level before returning to the upward trend and targeting resistance levels. The initial target is 1.0740, followed by 1.0756, and finally the psychological level of 1.0787.
Looking at the one-hour chart, we can see signs of slight decrease in price. However, this is only a short-term prospect. There is a possibility that the price will retrace to the 0.5-0.618 Fibonacci level before returning to the upward trend and targeting resistance levels. The initial target is 1.0740, followed by 1.0756, and finally the psychological level of 1.0787.
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