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#forexbreakfast – forex

EURUSD

The exchange rate EURUSD ended last week essentially unchanged, remaining within the bearish zone that has accompanied the movement since April. The major support to keep an eye on is the static level of 1.1241, below which (by the end of the week) there would be room to reach the psychological level of 1.10. A break-up of the dynamic resistance at 1.1362 would be required to see a more decisive rebound, and above that, the dynamic level in the 1.15 area, where the negative trendline on the weekly chart is now traveling.

Source: TradingView https://www.tradingview.com/chart/?symbol=FX%3AEURUSD

 

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