EURUSD has broken above a key resistance zone after a strong bullish move. Price is now pulling back to retest the breakout area, which could act as fresh support.
If buyers can defend this level and push price higher, the next logical target lies around 1.1780, where selling pressure may return.
If buyers can defend this level and push price higher, the next logical target lies around 1.1780, where selling pressure may return.
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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.