EUR/USD Price Analysis: Moves upward toward 1.0700 ahead of Eurozone PMI

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EUR/USD Price Analysis: Moves upward toward 1.0700 ahead of Eurozone PMI
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EUR/USD continues to move upward for the fourth successive day, trading higher around the 1.0680 level during the Asian session on Tuesday. The pair e

EUR/USD continues the winning streak ahead of the Eurozone PMI.

indicates a shift in momentum towards a bullish trend. The major level at 1.0700 emerges as the key resistance following the 38.2% Fibonacci retracement. ncounters challenges stemming from the decline in the US Dollar , coupled with an improved risk sentiment amid geopolitical tensions in the Middle East. Market participants await the preliminary Eurozone October PMI. In Germany, both the German GfK Consumer Confidence Survey and PMI data are also on the agenda.

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