Chart Analysis: Uptrend Recovery for EUR/USD
The EUR/USD pair started Tuesday with a slight increase, reaching around 1.0860 during the Asian trading session. The decline in the US Dollar (USD) provided some support for this currency pair.
Looking at the chart, you'll notice a clear recovery in the uptrend. Its short-term target is set at 1.0876, followed by a longer-term target of 1.0942 (March 21). Additionally, the Relative Strength Index (RSI) is maintaining positivity and is currently trading around the 60 level. This indicates that the upward trend of this currency pair is still intact and has the potential to continue strong growth.
Looking at the chart, you'll notice a clear recovery in the uptrend. Its short-term target is set at 1.0876, followed by a longer-term target of 1.0942 (March 21). Additionally, the Relative Strength Index (RSI) is maintaining positivity and is currently trading around the 60 level. This indicates that the upward trend of this currency pair is still intact and has the potential to continue strong growth.
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