Technical Analysis and Outlook:
In the most recent trading session, the Euro exhibited considerable volatility, initially declining before embarking on a substantial upward trajectory. Current analyses suggest that the primary targets for the Euro are the Mean Resistance level of 1.177 and the Key Resistance level of 1.181, along with the Outer Currency Rally target of 1.187. The ongoing price action may lead to a consequential pullback to the Mean Support level of 1.166 before the resumption of the upward trend.
In the most recent trading session, the Euro exhibited considerable volatility, initially declining before embarking on a substantial upward trajectory. Current analyses suggest that the primary targets for the Euro are the Mean Resistance level of 1.177 and the Key Resistance level of 1.181, along with the Outer Currency Rally target of 1.187. The ongoing price action may lead to a consequential pullback to the Mean Support level of 1.166 before the resumption of the upward trend.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.