The EUR/USD currency pair has recently extended its upward movement from 1.1026, reaching a high of 1.1154. However, the subsequent pullback from this peak indicates that the upward trend may have run its course.
What Lies Ahead for EUR/USD?
In the coming days, we can expect another decline, with the next target set at the support level of 1.1026. If the price breaks below this level, it could aim for the 1.1000 area.
Key Levels to Watch
Initial Resistance: The first key resistance level is at 1.1110. A breakout above this level could signal another rise, allowing the pair to retest the resistance at 1.1154.
Conclusion
Traders should remain vigilant as these key levels will be crucial in determining the next move for the EUR/USD pair. While a potential decline may be on the horizon, a break above resistance could indicate a resurgence in upward momentum. Stay tuned for the latest updates!
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