Euro / U.S. Dollar
Short

EURUSD

1 568
Hello Traders! đź‘‹

What are your thoughts on EURUSD?

Following its recent rally, EURUSD has reached a key resistance zone, which also aligns with a trendline. The pair failed to break above this area and has been rejected.
Given the weak momentum and bearish reaction, we do not expect a breakout at this stage.
Instead, we anticipate some consolidation around the resistance, followed by a downward move toward the specified support level.
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