Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this pair had made a short-term reversal last week and overall trend remains .
Based on our forecast, if the momentum continues, we could potentially see this pair reach the recent high of 1.2092 and if the momentum continues, this pair could potentially reach our first target of 1.2255 and after this, our second target of 1.2370. On the other hand, if there is a sudden change of the directional bias on this pair, we could potentially see this pair retrace to 1.1765 as our first target level, and if this level cannot provide the necessary support, EUR/USD could potentially be retraced to 1.1680.
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