AnalisiForexAnalysis of the EUR/USD pair

Analysis of the EUR/USD pair

The EUR/USD pair is now facing resistance at 1.0930. If this resistance, which has held during the previous two weeks of trading, has been breached, the first expected target will be the previous resistance on 2/2/2023 at 1.1030 levels.

Now, the Euro is in a minor bullish channel on the four-hour timeframe, which is inside a main bullish channel on the daily timeframe, which started on 9/27/2022, when the lowest bottom was recorded at 0.9535.

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