EUR/USD: Break $1.12009 Resistance or Correct?
The EUR/USD chart from September 26 reveals a dramatic race between buyers and sellers. After reaching $1.11540, all focus is now on the tough resistance at $1.12104 — the barrier that will determine whether EUR/USD can continue to break out.
The support level at $1.11172 acts as a strong shield, maintaining the upward momentum.
If this resistance is broken, the pair could unlock potential for new highs.
In this context, any shifts from Fed statements or Eurozone economic data could dramatically alter the outcome.
The support level at $1.11172 acts as a strong shield, maintaining the upward momentum.
If this resistance is broken, the pair could unlock potential for new highs.
In this context, any shifts from Fed statements or Eurozone economic data could dramatically alter the outcome.
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