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Interstellar Group

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EUR/USD Forecast: Euro trades dangerously close to key support area

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2024-01-10
Market Forecast
EUR/USD Forecast: Euro trades dangerously close to key support area
  • EUR/USD stays below 1.0950 after closing in the red on Tuesday.
  • Technical sellers could take action if the pair breaks below 1.0900.
  • Markets will keep a close eye on the 10-year US Treasury note auction later in the day.

EUR/USD edged lower on Tuesday as the risk-averse market atmosphere helped the US Dollar (USD) gather strength against its rivals. The pair struggles to stage a rebound early Wednesday and trades below 1.0950.

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