09 Jul 2024
EUR/USD remains stable prior to Fed Powell’s testimony, trading within Monday’s range.
It holds above the 20-day and 50-day EMAs at 1.0750 and 1.0770, respectively. The pair has surpassed the 200-day EMA around 1.0800, strengthening its overall trend. A Symmetrical Triangle pattern on the daily chart signals reduced volatility and potentially low volume. With the RSI at 60.00, a break above this level could trigger bullish momentum.
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