Yesterday, EUR/USD dropped to 1.0895 before pulling back slightly, now hovering near 1.0940. On the 4-hour timeframe, the 50 and 200 EMAs are positioned above the current price, acting as short-term resistance. I see 1.0950 as immediate resistance, followed by 1.1000, while support lies at 1.0870.Eur vs USD forecast today
EUR vs USD Forecast Today: EUR/USD could continue declining as long as 1.0950 holds as resistance. A downside move may target the 1.0870 support. However, a break above 1.0950 could push prices toward 1.1000 before another downward attempt.
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