EUR/USD: Break $1.1253 Resistance or Await a Pullback?
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EUR/USD is currently climbing around $1.11950, strongly supported by two solid "fortresses" at EMA 34 and EMA 89, located at $1.11390 and $1.11107.
A clear uptrend has formed, with solid support at $1.10864, ensuring the momentum remains intact.
The key focus now is on the critical resistance at $1.1253 — the gatekeeper determining whether the uptrend can break through to new highs.
With significant economic factors from the US and Europe on the horizon, including key Fed speeches and PMI data, the market may experience sharp volatility.
Traders should be ready for action: will you seize the breakout opportunity or wait for a pullback to enter at an optimal level? Opportunity favors the prepared!
A clear uptrend has formed, with solid support at $1.10864, ensuring the momentum remains intact.
The key focus now is on the critical resistance at $1.1253 — the gatekeeper determining whether the uptrend can break through to new highs.
With significant economic factors from the US and Europe on the horizon, including key Fed speeches and PMI data, the market may experience sharp volatility.
Traders should be ready for action: will you seize the breakout opportunity or wait for a pullback to enter at an optimal level? Opportunity favors the prepared!
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