EUR/USD Consolidating Near 1.0806 Level Despite Weakening Dollar and Rate Cut Expectations
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EUR/USD Consolidation Analysis
The EUR/USD pair is currently consolidating near the 1.0806 level, indicating a potential upward movement towards 1.0900. The currency pair may retest 1.0844 before a possible surge to 1.0944, supported by a bullish setup.
MACD Indicator Strength
The MACD indicator shows a positive signal with the signal line above zero, suggesting continued upward momentum in EUR/USD trading.
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