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EUR/USD: Today’s Major Zones 1.1041 and 1.1067

European Session
The pair has been lately escalating toward upper zones, after climbing from as low as 1.0853 to as high as 1.1041, today’s major resistance level.

The bearish pressures seem to have gained a greater momentum and therefore in the scenario where the price is unable to break above the 1.1041 level, the pair could decelerate to 1.0935 and 1.0886 respectively.

In contrast though, a break above the 1.1067 zone could signal the continuation of the uptrend channel formation and the pair could escalate to 1.1201.

Please note: The content in this daily technical analysis article should not be taken as investment advice.

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