USD supported by war factor, downtrend begins

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🔔🔔🔔EUR/USD news:

➡️ EUR/USD snapped its four-day winning streak and posted losses on Friday as risk appetite weakened following Israel's attack on Iran, boosting the US Dollar's (USD) appeal as a safe-haven asset. Headlines reflected broad USD strength, with the greenback rising against most G7 currencies.

Personal opinion:
➡️ USD started to strengthen after news of war in the Middle East due to the safe-haven demand of the USD. In the coming week, the uptrend will continue and may cause EUR/USD to decline.

➡️ Analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy Gold 1.1425- 1.1435
❌SL: 1.1395 | ✅TP: 1.1480

👉Sell Gold 1.1688- 1.1678
❌SL: 1.1715 | ✅TP: 1.1605

FM wishes you a successful trading Week 💰💰💰

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