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EURUSD: Can Bulls Follow Through on Last Week’s Breakout?
EURUSD broke out last week, but can bulls hold the line this week? EURUSD closed above its 2021 trend line last week at 1.0825. It was the first weekly close beyond the multi-year consolidation we’ve discussed on this site. The question now is, can EURUSD bulls hold the pair above this mark? As always, time will tell. I’m not completely convinced yet, but then again my 2024 narrative called for a higher US dollar, so naturally I’m more on the fence than others. That doesn’t mean I’m shorting the EURUSD, as I don’t see much to do right now regardless of whether you’re bullish or bearish. I also don’t ... (full story)