The Mallicast team predicts that the EUR/USD pair might initially drop to 1.11477 today, followed by a potential rebound to 1.12793. Based on the monthly chart analysis, the euro is currently in a resistance zone, and after absorbing the necessary liquidity, it could experience a strong downward momentum.
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Disclaimer
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.