AnalysisForexTechnical Analysis of EUR/USD

Technical Analysis of EUR/USD

EUR/USD prices have risen strongly over the past few hours and have now broken through strong resistance levels at 1.1075 and closed above it. If the price remains above these levels, there will be a strong opportunity to buy with targets up to 1.1125 as the first target. However, if the price falls below these levels, selling and a decrease are more likely.

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