EURUSD Breaks Resistance Level: What This Means for Traders
The EURUSD currency pair recently broke through a significant resistance zone. This zone includes the resistance level at 1.0625, which was the former monthly high from December. It also encompasses the 61.8% Fibonacci correction of the downward impulse that occurred in November and the resistance trendline of the daily upward channel dating back to January. This breakout signals a potential upward trend for the EURUSD as traders respond to this significant technical shift in the market.
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