The EUR/USD still under pressure and has reached the 1.1194 level. If the price breaks the 1.1183 level, the next target will likely be at the 1.1120. In contrast, resistance is found at the 1.1230 and 1.1331 respectively. A break above the 1.1331 could possibly force the pair as high as 1.1416 (200-DAY MA). The RSI (DAY) and CCI (DAY) are closed at the oversold territory.

 

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Christos Nikolaou

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