EUR/USD upside looking easier if it breaks out of range

EUR/USD set new two-month lows but then staged a remarkable recovery. What’s next? In the near term, it is locked in a narrow range, but taking a broader view, the upside is more appealing. The Technical Confluences Indicator shows that euro/dollar faces resistance at 1.1360 where we see the convergence of the Fibonacci 23.6% one-week, the Bollinger Band 1h-Upper, the […]

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