3 min readEURO VS DOLLAR (EUR/USD):
EUR/USD has experienced a notable short-term reversal from the external support zone near the 1.05000 level, demonstrating strong buying interest at this key area.
Examining the technicals closely, it appears the price is rebalancing into discounted levels around the 1.06000 mark. Should the upward momentum persist, it will be crucial to observe the market’s reaction to the supply zone near 1.08000, which coincides with the daily 50 EMA, offering a key area of potential resistance.
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