Trading Signals for EUR/USD for July 26-29, 2024: buy if breaks 1.0665 (21 SMA - 2/8 Murray)

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Technical analysis


Trading Signals for EUR/USD for July 26-29, 2024: buy if breaks 1.0665 (21 SMA - 2/8 Murray)


Early in the American session, the




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26.07.2024 04:43 PM






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Early in the American session, the EUR/USD pair is trading at 1.0860, above the 200 EMA, and above the 21 SMA with a slightly bullish bias. According to the H4 chart, the euro is approaching a strong resistance located at 2/8 of Murray around 1.0864.If the euro breaks the downtrend channel and consolidates above 1.0865, we could look for buying opportunities, with targets at 1.0925 and 1.0986.Below 4/8 Murray, we could clearly sell and place a stop loss above this




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