Looking at EURUSD’s chart, we can see that the FX pair is in a downtrend today, and it is currently traded 25 pips above its support level, at the rate of $1.0735. Today, if it holds above the support level of $1.07-1.0710, we could expect it to rise towards its resistance level at around $1.0820. Its direction will also depend on the US’ announcements at 15:30 (GMT+3) on durable goods orders and on the PCE price index.
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