The currency pair surged last week and tested 1,2980. We have described the reasons for weak USD in our weekly EUR/USD review. We can see a reversal pattern on the chart close to the resistance area. However, this pattern is not clear and we recommend waiting for more confirmations before making decisions.
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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.