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EURUSD – 24 Sep 2024

EURUSD 24 Sep 2024

On the weekly timeframe, EURUSD is seen slightly above the kumo cloud after a period of volatility that saw the pair moving sideways inside the kumo. The pair was bullish for a while before finally experiencing bearish pressure again which brought it to the price position of 1.11132. The stochastic chart shows a decline after overbought conditions in the previous session, indicating the possibility that the bearish trend will continue. However, if strong external factors emerge, a trend reversal is possible, although currently bearish pressure still dominates the price movement. Traders should stay alert for potential reversal signals.

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