EURUSD continued its recovery and retested the resistance at 1.0580.
The converging EMAs indicate a potential trend reversal.
If EURUSD sustains its bullish momentum and breaks above 1.0580, the price may retest 1.0630.
On the contrary, returning below 1.0530 may suggest a potential bearish expansion to 1.0480
The converging EMAs indicate a potential trend reversal.
If EURUSD sustains its bullish momentum and breaks above 1.0580, the price may retest 1.0630.
On the contrary, returning below 1.0530 may suggest a potential bearish expansion to 1.0480
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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.