EURUSD trend remains upwards
EUR/USD will maintain a short-term uptrend as long as the price remains above yesterday's low of 1.0947. The nearest resistance level is at 1.1012, followed by 1.1044. Traders who are not already long will likely wait for a correction to the 1.0947 to 1.0975 range to achieve a better risk-to-reward ratio.
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This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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