Euro / U.S. Dollar
Updated

EUR/USD: Accumulation Phase with Breakout Potential

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Hello traders, what do you think about the trend of EURUSD ?

The pair is currently trading around 1.1670, entering an accumulation phase after a strong bullish move earlier.

If the price breaks through the 1.1680 resistance, another recovery could push EUR/USD to test the 1.1720 level. Trendlines and EMA support levels continue to favor the buyers, so keep an eye on these levels.

📍Key Levels:
Support: 1.1635 (50% retracement)
Resistance: 1.1680
Target: 1.1725

If the breakout happens (1.172), it could trigger a strong rally, but make sure to manage risk carefully.

Do you think EUR/USD will break upwards or reverse? Share your thoughts in the comments!
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