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Daily Technical Analysis

EUR/USD: Bullish Momentum Gains Strength, Further Upside Potential 12/7/2024

The EUR/USD pair has advanced, reaching our previously identified target of 1.0880 and peaking at 1.0888, confirming the positive outlook outlined in the previous technical report. Technical Outlook: Today’s analysis reveals a strengthening bullish momentum. The pair has broken above the pivotal 1.0840 resistance level (23.60% Fibonacci retracement), which now …

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