We have seen more USD weakness since the ceasefire in the MIddle East as the threat of Global inflation caused by higher Oil prices lowers, raising hopes of future rate cutes by the FED
EURUSD has broken out cleanly from a previous resistance zone, and can act as support on any retests of the 1.1616-1.1636 zone
Stops would need to be below 1.1611
Targets to be around 1.1670-1.1685
EURUSD has broken out cleanly from a previous resistance zone, and can act as support on any retests of the 1.1616-1.1636 zone
Stops would need to be below 1.1611
Targets to be around 1.1670-1.1685
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.