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Long

EUR/USD Technical analysis

FX:EURUSD   Euro / U.S. Dollar
EUR/USD has made a trend reversal in the near-term making higher highs consistently.
A trendline connecting the higher highs can be marked as well.
The pair is currently hovering above the trendline and the MACD indicator is just keeping its head above the water.
The pressure on the Fed to cut interest rates is mounting and is set to support the bulls as well.
Hence, we expect the pair to move high up from here.
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