EUR/USD Review, July 5-9, 2021 | worldforex
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EUR/USD Review, July 5-9, 2021
05 July 2021

The currency pair tested 1.1879 last week. A hammer reversal pattern appeared after EUR/USD had broken this support. This pattern may lead to the testing of 1.1879 resistance level.

We expect EUR/USD to reach 1.1879 this week. If the FOMC meeting minutes are more hawkish, the currency pair is likely to develop its downtrend targeting 1.1620.

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