2024-09-28 18:03
IndustryEUR/USD: Upward momentum has increased
Daily view:
The EUR/USD pair traded in a range of 1.1124-1.1189 on Thursday, closing at 1.1176 (up 0.40%). While price action has led to a slight increase in momentum, this could shift the range higher (1.1140-1.1205) rather than a sustained rise.
1-3 week view:
The EUR/USD pair may have entered a range trading phase (1.1060-1.1215). Looking ahead, the EUR/USD pair will need to break not only 1.1215, but also 1.1230 before it can expect an up move to 1.1275.
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EUR/USD: Upward momentum has increased
| 2024-09-28 18:03Daily view:
The EUR/USD pair traded in a range of 1.1124-1.1189 on Thursday, closing at 1.1176 (up 0.40%). While price action has led to a slight increase in momentum, this could shift the range higher (1.1140-1.1205) rather than a sustained rise.
1-3 week view:
The EUR/USD pair may have entered a range trading phase (1.1060-1.1215). Looking ahead, the EUR/USD pair will need to break not only 1.1215, but also 1.1230 before it can expect an up move to 1.1275.
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