The euro dollar is moving in a sideways direction. We expect to rise from the support area at 1.1223 levels, to target the resistance area at 1.1346 levels, from which we expect the week’s top to form.
But in the event that a four-hour candle closes below the 1.1194 level, we expect the decline to continue and target the second support area at 1.1100 levels, from which we expect the week’s bottom to form.
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