Weekly technical analysis of EUR-USD

The pair on the H4 frame broke the descending channel and proceeded with positive momentum, but it faces the resistance area indicated by the red rectangle in the above chart, which is trapped between the points 1.1310 - 1.1330.

Traders are advised to sell from this area while maintaining a suitable stop loss above 1.1330

In the event that the price exceeds the support area and builds above 1.1330, the pair will extend its gains until the level of 1.1455

Overall direction: neutral





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