EURUSD is breaking its long time 1.0700 resistance
Updated
The Fed released the economic data last Friday and it has impacted the price of EURUSD, the EUR broke through the resistance zone of 1.0700.
A long position entry zone opportunity has presented itself for the week as the EURO is heading towards its next resistance zone @ 1.0765.
A long position entry zone opportunity has presented itself for the week as the EURO is heading towards its next resistance zone @ 1.0765.
Note
The EURUSD broke the 1.0700 resistance zone in April 2023, and it traded around the 1.0800 and 1.0900 resistance levels. With the current breakout, the EURUSD is returning to 1.1000 range.
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