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EURUSD Breaks Minor Resistance, Eyes Further Gains

by Daisy

The EURUSD exchange rate has successfully exceeded the minor resistance barrier at $1.0795, edging closer to the anticipated target of $1.0840. Analysts foresee a sustained bullish sentiment, anticipating a breakthrough beyond this level towards additional highs, notably $1.0915.

This optimistic outlook is underpinned by a positive chart pattern bolstered by the EMA50 indicator. Market observers emphasize the critical support level at $1.0760 for the continuation of this upward trajectory.

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Projected Trading Range: The EURUSD is expected to trade within the range of support at $1.0760 and resistance at $1.0910 in the near term.

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