Markets
EUR/USD Price Forecast: Bulls await breakout above 1.1270 resistance, range top
EUR/USD trades with a positive bias for the second straight day amid a broadly weaker USD. Hot Eurozone CPI reaffirmed ECB hike bets, lending additional support to the Euro and the pair. A breakout through a one-month-old trading range is needed to back the case for further gains. The EUR/USD pair gains positive traction for the second straight day on Thursday, trading around the 1.1265 region during the Asian session, close to a near one-week high touched the previous day. The US Dollar (USD) drops to a fresh low since late September as a Democratic sweep in the US midterm...
Mitrade3 min read
