"EURUSD Faces Crucial Test Below Key Resistance Level"
The EURUSD currency pair is currently facing a critical juncture as it hovers below the significant level of 1.08659. After a period of consolidation lasting seven days, with the pair oscillating between the 4-hour support at 1.07966 and the daily resistance at 1.08659, buyers are now making a third attempt to breach the resistance level. However, if sellers manage to hold this level as a strong resistance, it could trigger a wave of selling pressure, potentially pushing the pair towards the 4-hour support at 1.07966. A break below this support level could pave the way for further downside movement, with the weekly support at 1.06947 coming into play. Traders and investors are advised to closely monitor the price action around these key levels to determine the future direction of the EURUSD pair. The outcome of this battle between buyers and sellers at the critical level of 1.08659 could set the tone for the pair's movement in the near term. #OPINIONLEADER# #Todayanalysis# #euro#
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