Greetings traders, it appears that the USD is showing signs of weakness in the market due to a range of negative leading indicators. As astute traders, we must remain vigilant and prepared to capitalize on any opportunities that may arise. An indicator to take note of is the recent breakout of the EU to higher highs (HH), which is indicative of strong momentum for the currency. Based on my analysis, I am predicting that the EU will continue to climb and reach the next resistance level, with a potential target of 1.10. It's important to keep a close eye on the markets and maintain a disciplined trading approach to navigate the ever-changing landscape of the forex market. Let's stay focused and make the most of this opportunity.
Targets:1.10
Targets:1.10
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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.