Market Analytics and Considerations
Key Points
EUR/USD at the moment: 1.04980
The currency pair fell throughout yesterday’s trading session, reaching the support level at 1.0450. At the moment that this assessment is being written, the bears are attempting to break through this level. The support at 1.0400 might presumably be the next objective of a further sell-off in the event of a successful breakthrough. The rise is expected to continue, and the pair will most likely move in the direction of the barrier at 1.0600 if the trade remains above this support and the bulls successfully breach the levels of resistance near 1.0533.
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