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Back Technical analysis
EUR/USD – Smart Money Analysis: Pressure on the Euro and Pound
The EUR/USD pair reversed in favor
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The EUR/USD pair reversed in favor of the euro after the formation of a bullish order block and began a new upward move. However, at the moment, the bulls' attacks look too weak and unconvincing. Bullish traders risk losing the initiative in the market, as geopolitics is currently exerting significant pressure on them.The problem is that time is passing, the Strait of Hormuz remains closed, global oil supplies are shrinking, and Iran and the United States are not moving closer
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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Grigory Sokolov
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