EUR/USD PRICE FORECAST: CRUCIAL RESISTANCE LEVEL EMERGES ABOVE 1.0500

EUR/USD PRICE FORECAST: CRUCIAL RESISTANCE LEVEL EMERGES ABOVE 1.0500
EUR/USD PRICE FORECAST: CRUCIAL RESISTANCE LEVEL EMERGES ABOVE 1.0500

EUR/USD PRICE FORECAST: CRUCIAL RESISTANCE LEVEL EMERGES ABOVE 1.0500

EUR/USD gains traction near 1.0470 during Tuesday’s Asian session.

Negative outlook remains below the 100-period EMA with a bearish RSI indicator.

Initial support at 1.0400, first resistance at 1.0525-1.0530.

Euro strengthens as the CDU and CSU are set to lead Germany after the federal election, ending political instability.

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