Technically, the EUR/USD 4 hours chart shows price found some intraday support a 1.2920 but for the most, technical readings maintain a quite neutral stance, with indicators back around their midlines and 20 SMA flat, with price moving back and forth around it. At this point, seems there’s little room for a clearer trend, with major data scheduled for the upcoming days: a price acceleration below 1.2920 may extend down to 1.2860/80, while the upside will likely remain capped by recent highs in the 1.2980/90 price zone.
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