Technical analytics

EUR/USD

The euro preserved its positive bias during the first part of the day on Thursday. The major stayed above 1.1750 trying to continue its recovery. Sellers returned in the mid-European session and started to push the spot downwards. The resistance resides at 1.1800 , the support comes in at 1.1750.

If the immediate pressure persists the EUR/USD pair will retake 1.1750 and will decline to 1.1700.

 

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