Euro / U.S. Dollar
Updated

EURUSD – Eyes on the 1.177 Resistance for the Next Big Move

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Hello everyone, let’s talk about EURUSD !

EURUSD is currently trading around 1.1660 after a steady recovery from multiple support levels, with the key support near 1.1557. The pair’s previous sharp decline started exactly at the 1.177 resistance level, making this zone a crucial reference point for traders in the coming sessions.

From a technical perspective, the market is showing short-term bullish momentum, supported by price holding above the moving averages. However, the 1.177 zone remains a strong resistance, where sellers previously regained control and triggered a significant drop.

If price climbs back into this area, it’s important to watch for potential rejection signals. A confirmed bearish reversal from 1.177 could present a great opportunity for those looking to sell.

What about you? What’s your view on EURUSD?
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Note
EURUSD Holds Bullish Momentum – Next Target 1.177?

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