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EURUSD bulls stay in charge
EURUSD has been in a steady rally since August 15, when it hit support at 1.0950, and it is currently testing the key resistance zone of 1.1130, a zone that stopped the bulls from heading further north back in December, as well as back in July, 2023. Overall, the pair is trading above a short-term uptrend line drawn from the low of August 2, and well above the upper bound of a prior sideways range, at around 1.0900. Although the technical picture on the 4-hour chart appears to be overly bullish, the short-term oscillators are suggesting that the upside momentum is fading, which means that a corrective setback may be ... (full story)