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EUR/USD Testing Descending Trend Line Amidst Range-bound Trading
Introduction In recent trading sessions, the EUR/USD currency pair has found itself at a critical juncture, testing a descending trend line. This technical development suggests a delicate balance between bearish pressure and the possibility of a trend reversal. As traders keenly observe this price action, the pair’s movements have been confined to a trading range throughout the week. This article delves into the implications of this trend line test and its potential impact on the EUR/USD exchange rate. Bearish Trend Line Holds Firm Beneath the surface of the EUR/USD trading chart lies a pivotal descending trend line that has garnered […]
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