For a fifth day in a row, the EUR/USD is caught in a whirlwind, spiraling down to flirt with the 1.0620 zone, marking a fresh 2024 low against a US dollar that just won't stop flexing.
Shattering through its 2024 floor of 1.0621 may set the stage for a tumble back to the depths of 1.0516. On the flip side, any surge in the EUR/USD might hit a speed bump at the EMA 34 line of defense at 1.074, before even dreaming of reaching the April peak at 1.0885. It's a financial drama worth grabbing the popcorn for, with every tick of the clock offering a potential plot twist.
Shattering through its 2024 floor of 1.0621 may set the stage for a tumble back to the depths of 1.0516. On the flip side, any surge in the EUR/USD might hit a speed bump at the EMA 34 line of defense at 1.074, before even dreaming of reaching the April peak at 1.0885. It's a financial drama worth grabbing the popcorn for, with every tick of the clock offering a potential plot twist.
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