eurusd

The URUSD parity presents a positive outlook, surpassing the decline trend that has been ongoing since mid-September with an increase of over 0.80% on a weekly basis. As long as the parity remains above the 1.1647 - 1.1650 region, which overlaps with the lower boundary of the Envelopes indicator, the tendency to move towards the 1.1822 level may continue. Particularly, surpassing the 1.1766 level could deepen the upward movement. In case of potential pressure, a decline in price to the 1.1647 - 1.1650 range could be observed. Sustaining below this range and trend could pave the way for a movement towards the 1.1550 level.

Key Level(s) of the Day: 1.1647 - 1.1650