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EUR/USD Eyes Further Gains, Bullish Trend Expected to Persist

by Daisy

EUR/USD prices have rebounded following recent declines, now approaching the key level of $1.0455. A breakout above this level would signal the continuation of the corrective bullish trend, with potential for further gains targeting $1.0600.

The bullish outlook remains intact for the near term. However, if the price breaks below $1.0325, this would invalidate the expected rise, reversing the trend back toward its primary bearish path.

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The expected trading range for today is between support at $1.0340 and resistance at $1.0500.

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Trend Forecast: Bullish

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