EURUSD Stuck in a Range: Will the Oscillation Break or Hold?
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EURUSD has faced repeated resistance at the psychological 1.1200 level, unable to break through, leading to the formation of significant bearish candles. The pair remains trapped in a consolidation phase, with no clear breakout in sight. Meanwhile, the recent upward momentum of the DXY hints at mounting downward pressure on EURUSD. Given these factors, I anticipate continued oscillation within the current range, with my focus set on a downside target at the 1.10800 support level.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Dagangan ditutup: sasaran tercapai
target reached.
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