Today’s declines in the EURUSD reached the support level at 1.1235, which highlighted the demand side forming a pro-growth signal from the price action in the form of a pin bar. In addition, the stochastic oscillator indicates oversold. The trend remains upward, and it seems that EURUSD could still run high today. It should however be borne in mind Janett Yellen speech today, which will be held at 16:00, and may increase the volatility of this pair.
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