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EURUSD 5.8.2024
General trend: conditional decline.
Expected scenario:
The pair is approaching a strong resistance area around $1.0990, which enhances the chances of a drop to $1.0900 - $1.0870.
Alternative scenario:
The scenario turns bullish with a close above $1.1000.
The most important levels
resistance:
1.0990 – 1.1000
support:
1.0900 – 1.0870
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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