EUR/USD Holds Strong, Faces Next Hurdle Near 1.1450
The EUR/USD pair is trading well and staying close to 1.1440, showing strength in the market. It rose from around 1.1370 earlier and has been slowly climbing, supported by strong buying interest.
Right now, the pair is moving above the 50-hour simple moving average, which is a sign that the uptrend is still active. On the upside, the next important level for buyers is near 1.1450. If the price breaks above this point, it could continue to rise toward 1.1470 and maybe even 1.1500.
However, if the pair fails to stay above 1.1450, it might start to fall. In that case, the first support is near 1.1425, followed by 1.1400. If it drops below 1.1400, the next support zone is around 1.1370.
Overall, the euro is looking strong, but traders are watching the 1.1450 level closely. A clear move above or below this point will likely decide the next direction.
Impact:
EUR/USD might continue rising if it breaks above 1.1450. But if it gets rejected there, a short-term drop toward 1.1400 or lower could possibly happen.