After weeks in a downtrend, the EURUSD appears to be stabilizing. The beginning of an upward trend has recently emerged, which is still fragile but has the potential to bring the price back into the area well above 1.05. From the target zone shown, a renewed price decline is to be expected.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.