EurUsd- Bullish above 1.0740
For more than a month now, EirUsd's is very choppy and lacks a clear direction.
However, looking at a daily chart we can see that the pair found strong bids at 1.05 and last week managed to break back above the important 1.07 zone resistance.
This resistance should provide support now and as long as the price is above this zone, bulls hold the upper hand and the odds are for further gains.
1.09 should act as resistance also at this moment.
However, looking at a daily chart we can see that the pair found strong bids at 1.05 and last week managed to break back above the important 1.07 zone resistance.
This resistance should provide support now and as long as the price is above this zone, bulls hold the upper hand and the odds are for further gains.
1.09 should act as resistance also at this moment.
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