$EURUSD Forecast: Euro could push higher as long as 1.0560 support holds by eren_fxstreet forex trading
Risk flows dominate the financial markets early Monday as investors reassess major central banks' tightening prospects amid growing signs of a slowdown. The Europe Stoxx 600 Index is up more than 1% in the European morning and US stock index futures are rising between 0.5% and 0.8%, confirming the risk-positive atmosphere.
On the downside, key support seems to have formed at 1.0560 . A four-hour close below that level could attract bears and cause the pair to retreat toward 1.0520 and 1.0500 . Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.