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U.S. DOLLAR / EURO REFERENCE RATE

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EURUSD If EUR/USD a sustained above this pivot ( 1.03500) could push the euro toward immediate resistance at 1.04200 an with further gains towards 1.04650. If failure to hold above 1.03500 then keeps the bearish bias intact and potentially dragging the pair down to support at 1.02700 and 1.02110.
EURUSD
EURUSD
EURUSD Intraday Trade Setups

Trade Idea 1: Buy Setup

Trade Entry: 1.03966
Stop Loss: 1.03700
Take Profit 1: 1.04250
Take Profit 2: 1.04400

Reason for Entry: Price is near a strong daily support level and has bounced off the 61.8% Fibonacci retracement level, indicating potential upward momentum.

Trade Idea 2: Sell Setup

Trade Entry: 1.04155
Stop Loss: 1.04350
Take Profit 1: 1.03900
Take Profit 2: 1.03750

Reason for Entry: Price is approaching a strong daily resistance level and has rejected the 38.2% Fibonacci retracement level, suggesting potential downward movement.