Right now EURUSD is testing 1.0555 and 1.058 zone. If it breaks above this zone, after testing the upper boundary of this zone, chances are high that it will grow to 1.06 which is an important area. Otherwise it will drop to 1.05 again. From there could 2 possible scenarios: Staying in a channel between 1.0555 and 1.050 and / or breaking below 1.05. Then we should expect another bearish move towards 1.035 zone !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.