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It seems that EUR found a good channel to test supports and resistances between $1.16 and $1.2 starting from July.
Following periods of low volatility, Euro prices received an upward push, maintaining the trendline upwards since last spring.
It is therefore conceivable that in coming weeks prices will try to rise, breaking the previous resistance at $1.2 and reaching targets around the $1.24 and $1.27 thresholds.
The eventual downward break of the main trendline could reveal different outcomes.
It seems that EUR found a good channel to test supports and resistances between $1.16 and $1.2 starting from July.
Following periods of low volatility, Euro prices received an upward push, maintaining the trendline upwards since last spring.
It is therefore conceivable that in coming weeks prices will try to rise, breaking the previous resistance at $1.2 and reaching targets around the $1.24 and $1.27 thresholds.
The eventual downward break of the main trendline could reveal different outcomes.