Currently, EUR/USD is moving close to the main support area, which indicates a potential price rebound or reversal. This support area may be a level that has previously been a reversal point or a strong consolidation area, thereby increasing the opportunity for the price to rise again if a bounce occurs around this level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.