EUR/USD Near 1.11400 Resistance: Breakout or Pullback?
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The chart shows an upward trendline with EUR/USD approaching the key resistance level of 1.11400, where selling pressure may arise if the price fails to break through.
The crucial support currently lies around 1.10500, a level to which the price might retreat if it fails to surpass the resistance.
EUR/USD is testing this resistance zone, with the potential for a breakout if buying pressure strengthens. Otherwise, the price is likely to retest the rising trendline.
The crucial support currently lies around 1.10500, a level to which the price might retreat if it fails to surpass the resistance.
EUR/USD is testing this resistance zone, with the potential for a breakout if buying pressure strengthens. Otherwise, the price is likely to retest the rising trendline.
Dagangan aktif
The EURUSD situation today, September 7th, continues to show fluctuations around key levels after the U.S. released employment data. Following the U.S. Non-Farm Payrolls report, the market reacted strongly with a slight decline in the EUR/USD exchange rate.
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