The free market reversed to increase
The trading trend of the currency pair is still unclear after the strong increase last week. The market is focusing on the speeches of Fed Chairman Powell and ECB President Lagarde.
On frame D1, EUR/USD recovered from the 55-day MA at 1.0650 and maintained above the 20-day MA. Technical indicators show mixed signals about the pair's future movements. Breaking through the 1.0600 support will be bad news for buyers, signaling a strong increase in selling pressure in the near future.
On frame D1, EUR/USD recovered from the 55-day MA at 1.0650 and maintained above the 20-day MA. Technical indicators show mixed signals about the pair's future movements. Breaking through the 1.0600 support will be bad news for buyers, signaling a strong increase in selling pressure in the near future.
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