Dollar Price Increase | Currency Exchange Rates Update | Dunya News

The US Dollar has been gaining against the Euro in recent days. This follows EUR/USD testing the ceiling of a bearish Rising Wedge chart formation. Now, the pair is aiming toward the floor of the pattern. While the price trend may remain bullish within the wedge, a breakout below (1.0787 – 1.0713) would open the door to resuming the dominant downtrend from last year. Otherwise, pushing above the 38.2% Fibonacci extension at 1.0941 exposes the April 2022 high.

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