Today, the EUR/USD pair managed to climb above the 1.0800 level, although it remains uncertain whether it can sustain this position. If a rejection occurs, the price may retreat to the 1.0765 low. Conversely, if the pair manages to advance past 1.0812, we could see a further rally.
Currently, the price is consolidating after reaching a new high, and tomorrow's trading session might bring increased volatility. As a result, the current levels may not be sufficient to contain the price, and the EUR/USD could extend its trading range. However, we will need to wait for a break outside of the established levels to determine the direction and strength of the potential trend.
From me, have a great rest of your trading day!
Currently, the price is consolidating after reaching a new high, and tomorrow's trading session might bring increased volatility. As a result, the current levels may not be sufficient to contain the price, and the EUR/USD could extend its trading range. However, we will need to wait for a break outside of the established levels to determine the direction and strength of the potential trend.
From me, have a great rest of your trading day!
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