Currently, EUR/USD is in a sideways phase after recording slight gains since last weekend.
The currency pair is oscillating around the 1.0703 level, indicating indecision and lack of clear direction in the short-term trading session.
On the 4-hour chart, the MACD shows that the EUR is losing upward momentum and has signs of forming a short-term signal line.
The forecast for EUR/USD in the near future remains somewhat unclear due to a lack of significant economic data and key geopolitical factors.
However, if the currency pair manages to surpass the resistance level at 1.1880, it could potentially open up opportunities for short-term increases towards the 1.1920 level.
The currency pair is oscillating around the 1.0703 level, indicating indecision and lack of clear direction in the short-term trading session.
On the 4-hour chart, the MACD shows that the EUR is losing upward momentum and has signs of forming a short-term signal line.
The forecast for EUR/USD in the near future remains somewhat unclear due to a lack of significant economic data and key geopolitical factors.
However, if the currency pair manages to surpass the resistance level at 1.1880, it could potentially open up opportunities for short-term increases towards the 1.1920 level.
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