Euro / U.S. Dollar
Short
Updated

EURUSD - Sideways Action Sparks Reversal Speculation

207
Hello traders, what are your expectations for EUR/USD?

Today, EUR/USD continues to move sideways around the 1.1800 mark during Thursday’s European session. The pair is showing signs of caution as the US Dollar gains ground amid optimism over a US–Vietnam trade deal.

From a technical perspective, the bullish trend still dominates as the price remains within an upward channel. However, a short-term pullback could be on the horizon, especially with buying momentum fading as EUR/USD approaches the upper boundary of the channel.

What do you think—could a reversal be forming from this zone?
Drop your thoughts in the comments!
Happy trading, everyone!
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