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The EURUSD approaches the target - 12-09-2023
The EURUSD pair started today with additional rise to approach our waited target at 1.0785, facing good barrier at the bearish channel’s resistance that appears on the chart, which hinders the mission to rise, in addition to the technical indicators that provide negative signals that might push the price to rebound bearishly and head to resume the main bearish track again.
Now, we prefer to stay aside until we get clearer signal for the next trend, noting that breaching 1.0770 will push the price to achieve additional gains that surpass 1.0785 to reach 1.0880, while breaking 1.0725 represents negative factor that will push the price to decline and head towards 1.0635 areas mainly.
The expected trading range for today is between 1.0660 support and 1.0840 resistance.
The expected trend for today: Neutral
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