Forex Trading Library

EUR/USD – 08.07.2024

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As we projected last Friday, the Euro managed to hit a 1.0840 high and closed at 1.0850.

The chart shows the market is facing resistance on the Triangle formation around 1.0890-1.0915. If the market fails to break, then another move toward 1.0700 will be expected.

Above 1.0915, more of an advance toward 1.1130 is likely.

LEVEL1 1.0775 1.0890-1.0915
LEVEL2 1.0650-75 1.1000
LEVEL3 1.0450 1.1130

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