1-Hour Chart Analysis
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Current Price: 1.09208
Trend: The daily and 4-hour charts remain bullish.
Key Levels:
Resistance: 1.09600 - 1.09700
Support: 1.09000 - 1.08900
The 1-hour chart indicates that EUR/USD is experiencing a short-term pullback within a broader bullish trend. The price is currently consolidating just below a key resistance level. If the price breaks above the resistance zone, it could target the upper resistance level around 1.09600 - 1.09700. Conversely, a failure to break above may result in a decline towards the support zone at 1.09000 - 1.08900.
Current Price: 1.09208
Trend: The daily and 4-hour charts remain bullish.
Key Levels:
Resistance: 1.09600 - 1.09700
Support: 1.09000 - 1.08900
The 1-hour chart indicates that EUR/USD is experiencing a short-term pullback within a broader bullish trend. The price is currently consolidating just below a key resistance level. If the price breaks above the resistance zone, it could target the upper resistance level around 1.09600 - 1.09700. Conversely, a failure to break above may result in a decline towards the support zone at 1.09000 - 1.08900.
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