Hey everyone! Let’s dive into the latest developments with the EUR/USD currency pair. Currently, the pair is facing a significant resistance level at 1.1188.
If we see a breakout above this mark, it will likely signal that the recent upward momentum that started from 1.1001 is back on track. Following such a breakout, we could potentially see the price rise towards the 1.1250 area. If the momentum continues to build beyond 1.1250, the next target could be around 1.1300.
On the flip side, it’s important to note that the initial support is located at 1.1130. Should the price drop below this level, we might see a retreat back to the 1.1100 area, leading to further support at 1.1068.
Stay tuned for more updates, as the market action can change in an instant! Happy trading!
by ForexCycle
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