After reaching a low of around 1.06 in mid-April,
EURUSD
began to recover and broke above the descending trend line in mid-May, potentially indicating a trend reversal.
Recently, the pair also formed a bullish flag, further supporting a bullish outlook.
As long as the price stays above 1.0750, there is a strong possibility of testing the 1.1 resistance level.
EURUSD
began to recover and broke above the descending trend line in mid-May, potentially indicating a trend reversal. Recently, the pair also formed a bullish flag, further supporting a bullish outlook.
As long as the price stays above 1.0750, there is a strong possibility of testing the 1.1 resistance level.
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