EUR/USD Price Analysis: Climbs near daily highs with bullish trend intact
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The EUR/USD currency pair is trading near 1.0780, showing a bullish trend supported by moving averages. Technical indicators present mixed signals, with the 20-day and 100-day SMAs supporting an upward trajectory. Immediate resistance is at 1.0810 and 1.0840, while support zones are between 1.0790-1.0760.
March 27, 2025 | 4:45 pm
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The bullish EUR/USD trend could potentially put downward pressure on the US Dollar ETF, as the euro shows strength against the dollar.
As the EUR/USD pair shows a bullish trend, the US Dollar ETF (UUP) typically moves inversely to this currency pair. The strong euro and supportive moving averages suggest potential downward pressure on UUP.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60