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Forex News from New Forex: Technical analysis of EUR/USD

On Monday morning, July 4, the price of EUR/USD is going up. Today is the US Independence Day, that’s why all day the market volatility will be very low.

On Monday the pair trades within the support at 1.1000 and resistance at 1.1145. The oscillator Stochastic and the MACD don’t send right signals to enter the market. Low market volatility might lead to sharp fluctuations, so trades with this currency pair seem highly risky today.

NewForex Analyst

Luigi Campo

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