EURUSD: Stable trading, looking for breakthrough opportunities
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Hello dear friends!
Today, EURUSD continues to trade steadily around the level of 1.076, with no new breakthroughs occurring. The trend seems to remain sideways around the support level of 1.075.
From the analysis chart: EURUSD still cannot break free from its long-term downtrend as the US Dollar Index records a slight increase, limiting the recovery of this currency pair. The current resistance level is 1.079, and if it successfully surpasses this level, EURUSD may experience an accelerated recovery.
On the other hand, prices may continue to decline towards the support zone of 1.07 and find new momentum here following the trendline before bouncing back.
What are your thoughts on the next trend of EURUSD? Comment and let Karina know!
Today, EURUSD continues to trade steadily around the level of 1.076, with no new breakthroughs occurring. The trend seems to remain sideways around the support level of 1.075.
From the analysis chart: EURUSD still cannot break free from its long-term downtrend as the US Dollar Index records a slight increase, limiting the recovery of this currency pair. The current resistance level is 1.079, and if it successfully surpasses this level, EURUSD may experience an accelerated recovery.
On the other hand, prices may continue to decline towards the support zone of 1.07 and find new momentum here following the trendline before bouncing back.
What are your thoughts on the next trend of EURUSD? Comment and let Karina know!
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