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Oct 27, 2025
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EURUSD Chart on the weekly time frameTechnical analysis of the EURUSD pair indicates a prolonged consolidation phase, now in its eighteenth consecutive week, within the defined 1.1530-1.1830 range. Recent price action suggests the potential formation of a bullish price channel on the daily timeframe, delineated by connecting the last two significant troughs and peaks. The pair is currently trading near the channel's lower boundary, a level that has proven supportive, as evidenced by three separate rebound events over the past two weeks. Given this repeated defense of support, a long position is proposed with an entry at 1.1625. This configuration offers a favorable risk-reward ratio, despite the absence of a definitive bullish catalyst. |
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